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 report published on Tuesday morning. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Up 1.3 %

Shares of Enterprise Bancorp stock opened at $42.74 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $531.26 million, a price-to-earnings ratio of 14.74 and a beta of 0.54. The firm’s 50-day moving average is $39.79 and its two-hundred day moving average is $34.14. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.08.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 14.53% and a return on equity of 10.48%.

Enterprise Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio is 33.10%.

Hedge Funds Weigh In On Enterprise Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after buying an additional 948 shares during the last quarter. Martingale Asset Management L P boosted its stake in Enterprise Bancorp by 6.0% in the third quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock valued at $819,000 after acquiring an additional 1,441 shares in the last quarter. Rhumbline Advisers grew its holdings in Enterprise Bancorp by 10.0% in the fourth quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock worth $633,000 after purchasing an additional 1,452 shares during the last quarter. Empowered Funds LLC increased its position in shares of Enterprise Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 60,917 shares of the savings and loans company’s stock worth $2,409,000 after purchasing an additional 2,910 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after purchasing an additional 3,257 shares during the last quarter. Hedge funds and other institutional investors 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.