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

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

Enterprise Bancorp Stock Down 1.8 %

EBTC opened at $42.87 on Thursday. The company has a market capitalization of $532.87 million, a PE ratio of 13.74 and a beta of 0.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The business has a 50-day moving average of $40.95 and a 200-day moving average of $35.12.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EBTC. Magnetar Financial LLC bought a new stake in Enterprise Bancorp during the fourth quarter worth approximately $2,562,000. Wellington Management Group LLP acquired a new stake in shares of Enterprise Bancorp in the third quarter worth $2,043,000. ABC Arbitrage SA bought a new stake in shares of Enterprise Bancorp during the 4th quarter worth $2,342,000. Spinnaker Trust acquired a new position in Enterprise Bancorp in the 4th quarter valued at $1,689,000. Finally, Gardner Lewis Asset Management L P bought a new position in Enterprise Bancorp in the 4th quarter worth $1,521,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

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.