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

Analysts at StockNews.com initiated coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note issued on Tuesday. The firm set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $40.45 on Tuesday. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.41. 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 stock has a market cap of $505.95 million, a PE ratio of 12.96 and a beta of 0.73. The stock has a 50 day moving average price of $37.68 and a 200 day moving average price of $39.18.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%. The company had revenue of $43.88 million during the quarter.

Hedge Funds Weigh In On Enterprise Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of EBTC. Vanguard Group Inc. increased its holdings in shares of Enterprise Bancorp by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 516,581 shares of the savings and loans company’s stock worth $20,110,000 after buying an additional 24,176 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Enterprise Bancorp by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock worth $14,873,000 after acquiring an additional 9,203 shares during the last quarter. American Century Companies Inc. increased its stake in Enterprise Bancorp by 112.4% during the first quarter. American Century Companies Inc. now owns 133,104 shares of the savings and loans company’s stock worth $5,182,000 after acquiring an additional 70,436 shares during the last quarter. Banc Funds Co. LLC raised its position in Enterprise Bancorp by 5.8% in the fourth quarter. Banc Funds Co. LLC now owns 112,158 shares of the savings and loans company’s stock valued at $4,435,000 after purchasing an additional 6,154 shares during the period. Finally, Ategra Capital Management LLC raised its position in Enterprise Bancorp by 44.2% in the fourth quarter. Ategra Capital Management LLC now owns 100,463 shares of the savings and loans company’s stock valued at $3,972,000 after purchasing an additional 30,802 shares during the period. 38.93% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Bancorp Company Profile

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.