Enterprise Bancorp (NASDAQ:EBTC) Now Covered by Analysts at StockNews.com

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

Enterprise Bancorp Stock Performance

Shares of Enterprise Bancorp stock opened at $39.26 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.08. The firm’s 50 day moving average is $37.79 and its two-hundred day moving average is $31.93. The firm has a market capitalization of $487.96 million, a P/E ratio of 13.54 and a beta of 0.54.

Institutional Investors Weigh In On Enterprise Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of Enterprise Bancorp by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after acquiring an additional 406 shares during the period. Martingale Asset Management L P raised its holdings in shares of Enterprise Bancorp by 6.0% in the third quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock valued at $819,000 after buying an additional 1,441 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Enterprise Bancorp by 5.4% during the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock worth $1,854,000 after buying an additional 2,948 shares during the period. State Street Corp grew its holdings in shares of Enterprise Bancorp by 1.7% during the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after buying an additional 3,257 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Enterprise Bancorp during the 3rd quarter valued at approximately $111,000. Hedge funds and other institutional investors 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.