StockNews.com Initiates Coverage on Enterprise Bancorp (NASDAQ:EBTC)

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

Enterprise Bancorp Stock Down 1.2 %

Shares of EBTC stock opened at $39.37 on Friday. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month 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. The firm has a fifty day moving average of $41.46 and a 200-day moving average of $36.85. The company has a market capitalization of $490.47 million, a price-to-earnings ratio of 12.62 and a beta of 0.49.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Hedge Funds Weigh In On Enterprise Bancorp

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enterprise Bancorp during the 3rd quarter worth about $223,000. Siena Capital Partners GP LLC lifted its position in Enterprise Bancorp by 9.7% during the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after buying an additional 13,222 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Enterprise Bancorp by 6.0% during 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 buying an additional 1,441 shares during the last quarter. Finally, Banc Funds Co. LLC grew its holdings 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 acquiring an additional 5,000 shares in the last quarter. 38.93% of the stock is owned by institutional investors.

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.