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

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

Enterprise Bancorp Stock Up 3.4 %

NASDAQ:EBTC opened at $41.45 on Monday. The company has a market capitalization of $515.18 million, a price-to-earnings ratio of 14.29 and a beta of 0.54. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.08. The stock has a 50-day simple moving average of $38.83 and a 200 day simple moving average of $33.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Hedge Funds Weigh In On Enterprise Bancorp

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Enterprise Bancorp by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after acquiring an additional 8,216 shares during the period. Geode Capital Management LLC boosted its stake in Enterprise Bancorp by 3.9% in the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock valued at $7,467,000 after acquiring an additional 8,703 shares during the period. State Street Corp boosted its stake in Enterprise Bancorp by 1.7% in the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after acquiring an additional 3,257 shares during the period. Siena Capital Partners GP LLC boosted its stake in Enterprise Bancorp by 9.7% in 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 acquiring an additional 13,222 shares during the period. Finally, Banc Funds Co. LLC boosted its stake in Enterprise Bancorp by 5.0% in the third 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 during the period. 38.93% of the stock is currently owned by institutional investors and hedge funds.

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.