Enterprise Bancorp (NASDAQ:EBTC) Earns Hold Rating from Analysts at StockNews.com

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

Enterprise Bancorp Stock Performance

EBTC stock opened at $39.72 on Friday. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.08. The stock has a market capitalization of $493.68 million, a price-to-earnings ratio of 13.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s fifty day moving average is $37.05 and its two-hundred day moving average is $31.43.

Enterprise Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s payout ratio is 33.10%.

Institutional Investors Weigh In On Enterprise Bancorp

Several large investors have recently made changes to their positions in EBTC. SG Americas Securities LLC acquired a new position in shares of Enterprise Bancorp during the third quarter worth approximately $111,000. Private Advisor Group LLC bought a new stake in Enterprise Bancorp during the 3rd quarter valued at $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enterprise Bancorp during the 3rd quarter worth $223,000. Cabot Wealth Management Inc. acquired a new position in Enterprise Bancorp during the 3rd quarter worth $234,000. Finally, Rhumbline Advisers grew its stake in shares of Enterprise Bancorp by 2.8% in the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock worth $375,000 after purchasing an additional 406 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.