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

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

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $38.89 on Wednesday. The firm has a market cap of $484.53 million, a price-to-earnings ratio of 12.46 and a beta of 0.49. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.41. The firm’s fifty day moving average is $41.38 and its two-hundred day moving average is $37.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

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

Institutional Trading of Enterprise Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its holdings in Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 237 shares during the period. SG Americas Securities LLC lifted its stake in Enterprise Bancorp by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock valued at $175,000 after buying an additional 948 shares during the last quarter. Harbor Group Inc. purchased a new stake in Enterprise Bancorp in the 4th quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enterprise Bancorp by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock worth $225,000 after buying an additional 301 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Enterprise Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock worth $230,000 after acquiring an additional 1,267 shares during the period. Institutional investors and hedge funds 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.