Enterprise Bancorp (NASDAQ:EBTC) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research report released on Monday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Up 4.0%

NASDAQ EBTC opened at $40.37 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $37.52 and its two-hundred day moving average is $38.90. The company has a market capitalization of $504.95 million, a price-to-earnings ratio of 12.94 and a beta of 0.73. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Thursday, April 17th. The savings and loans company reported $0.84 EPS for the quarter. The business had revenue of $43.88 million for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, May 12th. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 30.58%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management increased its position in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after buying an additional 237 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock worth $225,000 after purchasing an additional 301 shares in the last quarter. Spinnaker Trust increased its holdings in Enterprise Bancorp by 1.4% during the 1st quarter. Spinnaker Trust now owns 43,329 shares of the savings and loans company’s stock worth $1,687,000 after purchasing an additional 601 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Enterprise Bancorp by 2.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 27,717 shares of the savings and loans company’s stock worth $1,079,000 after purchasing an additional 726 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in Enterprise Bancorp by 3.3% during the 4th quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company’s stock worth $1,047,000 after purchasing an additional 850 shares in the last quarter. 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.