Enterprise Bancorp (NASDAQ:EBTC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note published on Monday morning. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Down 1.5 %

Enterprise Bancorp stock opened at $41.89 on Monday. The firm has a market cap of $520.69 million, a PE ratio of 14.44 and a beta of 0.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $39.09 and its two-hundred day moving average price is $33.46. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.08.

Enterprise Bancorp (NASDAQ:EBTC) last posted its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.80 EPS for the quarter. The company had revenue of $66.28 million during the quarter. Enterprise Bancorp had a net margin of 14.53% and a return on equity of 10.48%.

Enterprise Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio is presently 33.10%.

Institutional Investors Weigh In On Enterprise Bancorp

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Enterprise Bancorp by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock worth $8,797,000 after acquiring an additional 8,216 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Enterprise Bancorp by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock valued at $7,467,000 after purchasing an additional 8,703 shares during the last quarter. State Street Corp boosted its stake in shares of Enterprise Bancorp by 1.7% in the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after purchasing an additional 3,257 shares during the last quarter. Siena Capital Partners GP LLC boosted its stake in shares of Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after purchasing an additional 13,222 shares during the last quarter. Finally, Banc Funds Co. LLC boosted its stake in shares of Enterprise Bancorp by 5.0% in the 3rd quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 38.93% of the company’s stock.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.