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

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

Enterprise Bancorp Stock Performance

Shares of EBTC stock opened at $43.15 on Friday. The firm has a market capitalization of $537.56 million, a price-to-earnings ratio of 13.83 and a beta of 0.54. The stock has a fifty day moving average of $41.35 and a 200 day moving average of $36.24. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. 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 (NASDAQ:EBTC) last issued its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Hedge Funds Weigh In On Enterprise Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of Enterprise Bancorp in the 3rd quarter worth about $212,000. Empowered Funds LLC grew its holdings in Enterprise Bancorp by 5.4% in the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock worth $1,854,000 after purchasing an additional 2,948 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enterprise Bancorp during the third quarter valued at approximately $223,000. Siena Capital Partners GP LLC lifted its holdings in shares of Enterprise Bancorp by 9.7% during the third 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, Martingale Asset Management L P boosted its position in shares of Enterprise Bancorp by 6.0% in the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock worth $819,000 after purchasing an additional 1,441 shares in the last quarter. 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.