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

Research analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTCGet Free Report) 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 2.6 %

Shares of NASDAQ:EBTC opened at $42.52 on Monday. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.08. The stock has a 50-day simple moving average of $39.00 and a 200-day simple moving average of $33.40. The stock has a market capitalization of $528.52 million, a P/E ratio of 14.66 and a beta of 0.54. 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:EBTCGet Free Report) last issued its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.80 earnings per share for the quarter. The company had revenue of $66.28 million during the quarter. Enterprise Bancorp had a return on equity of 10.48% and a net margin of 14.53%.

Hedge Funds Weigh In On Enterprise Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Enterprise Bancorp in the third quarter valued at $111,000. Harbor Group Inc. bought a new position in shares of Enterprise Bancorp during the fourth quarter worth about $203,000. Private Advisor Group LLC bought a new stake in Enterprise Bancorp in the third quarter valued at about $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enterprise Bancorp during the third quarter valued at approximately $223,000. Finally, Cabot Wealth Management Inc. bought a new position in Enterprise Bancorp during the 3rd quarter worth approximately $234,000. 38.93% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Bancorp Company Profile

(Get Free Report)

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.

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