StockNews.com Begins Coverage on Enterprise Bancorp (NASDAQ:EBTC)

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

Enterprise Bancorp Stock Up 2.7 %

Shares of EBTC opened at $42.79 on Wednesday. The stock has a market cap of $531.88 million, a price-to-earnings ratio of 13.71 and a beta of 0.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08. The company has a 50-day moving average price of $40.11 and a two-hundred day moving average price of $34.54.

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 15.30% and a return on equity of 11.15%.

Institutional Trading of Enterprise Bancorp

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings 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 worth $175,000 after buying an additional 948 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of 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 purchasing an additional 1,441 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Enterprise Bancorp by 10.0% in the fourth quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock valued at $633,000 after purchasing an additional 1,452 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Enterprise Bancorp by 5.0% in 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 purchasing an additional 2,910 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Enterprise Bancorp by 1.7% in the third 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 in the last quarter. 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.