Enterprise Bancorp (NASDAQ:EBTC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) saw an uptick in trading volume on Monday . 35,519 shares were traded during trading, a decline of 12% from the previous session’s volume of 40,249 shares.The stock last traded at $43.49 and had previously closed at $44.37.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research note on Wednesday, February 5th. They issued a “hold” rating on the stock.

Enterprise Bancorp Stock Performance

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 $542.69 million, a P/E ratio of 13.99 and a beta of 0.54. The stock has a 50-day simple moving average of $40.82 and a 200-day simple moving average of $35.07.

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 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. Enterprise Bancorp’s dividend payout ratio (DPR) is 30.77%.

Hedge Funds Weigh In On Enterprise Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of EBTC. Picton Mahoney Asset Management boosted its stake in shares of Enterprise Bancorp by 36.6% during the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 237 shares in the last quarter. SG Americas Securities LLC grew its holdings in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after acquiring an additional 948 shares during the last quarter. Martingale Asset Management L P grew its holdings in Enterprise Bancorp by 6.0% during the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock worth $819,000 after acquiring an additional 1,441 shares during the last quarter. Rhumbline Advisers increased its position in Enterprise Bancorp by 10.0% in the 4th quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock valued at $633,000 after acquiring an additional 1,452 shares during the period. Finally, Empowered Funds LLC raised 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 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.