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

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

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $39.26 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $37.79 and a 200 day moving average price of $31.93. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.08. The company has a market cap of $487.96 million, a P/E ratio of 13.54 and a beta of 0.54.

Institutional Trading of Enterprise Bancorp

A number of institutional investors have recently added to or reduced their stakes in EBTC. SG Americas Securities LLC purchased a new stake in shares of Enterprise Bancorp in the third quarter valued at about $111,000. Private Advisor Group LLC purchased a new stake in Enterprise Bancorp in the 3rd quarter valued at approximately $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enterprise Bancorp during the 3rd quarter valued at $223,000. Cabot Wealth Management Inc. purchased a new position in Enterprise Bancorp during the third quarter worth $234,000. Finally, Rhumbline Advisers raised its holdings 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 acquiring an additional 406 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.