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

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

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $42.21 on Tuesday. The firm’s 50 day moving average is $39.67 and its two-hundred day moving average is $34.08. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.08. The firm has a market capitalization of $524.67 million, a P/E ratio of 14.56 and a beta of 0.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake 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 valued at $2,409,000 after acquiring an additional 2,910 shares during the period. SG Americas Securities LLC increased its stake in shares of Enterprise Bancorp by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock valued at $175,000 after acquiring an additional 948 shares during the period. Harbor Group Inc. acquired a new position in shares of Enterprise Bancorp during the fourth quarter valued at approximately $203,000. JPMorgan Chase & Co. increased its stake in shares of Enterprise Bancorp by 170.4% during the third quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock valued at $664,000 after acquiring an additional 13,084 shares during the period. Finally, Barclays PLC increased its stake in shares of Enterprise Bancorp by 69.6% during the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock valued at $729,000 after acquiring an additional 9,373 shares during the period. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Company Profile

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.