Enterprise Bancorp (NASDAQ:EBTC) Share Price Passes Below Two Hundred Day Moving Average of $26.68

Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.68 and traded as low as $24.23. Enterprise Bancorp shares last traded at $24.88, with a volume of 165,428 shares traded.

Enterprise Bancorp Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $308.01 million, a price-to-earnings ratio of 8.55 and a beta of 0.58. The business’s 50-day moving average price is $24.56 and its two-hundred day moving average price is $26.68.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.69 EPS for the quarter. The firm had revenue of $40.69 million during the quarter. Enterprise Bancorp had a net margin of 15.80% and a return on equity of 11.28%.

Enterprise Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, May 10th. Enterprise Bancorp’s dividend payout ratio is presently 32.99%.

Hedge Funds Weigh In On Enterprise Bancorp

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Enterprise Bancorp by 18.9% in the fourth quarter. SG Americas Securities LLC now owns 5,256 shares of the savings and loans company’s stock worth $170,000 after purchasing an additional 835 shares during the period. Private Advisor Group LLC acquired a new position in shares of Enterprise Bancorp during the fourth quarter valued at $212,000. Barclays PLC boosted its holdings in shares of Enterprise Bancorp by 33.2% during the third quarter. Barclays PLC now owns 8,201 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 2,043 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Enterprise Bancorp by 42.7% during the fourth quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock valued at $354,000 after acquiring an additional 3,284 shares during the period. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Enterprise Bancorp by 15.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock valued at $479,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 38.93% of the company’s stock.

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.