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

StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note released on Thursday. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $40.06 on Thursday. The company has a market cap of $497.91 million, a P/E ratio of 13.81 and a beta of 0.56. The business has a fifty day simple moving average of $36.36 and a 200-day simple moving average of $30.83. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.08. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is currently 33.10%.

Institutional Trading of Enterprise Bancorp

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Enterprise Bancorp by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after acquiring an additional 8,216 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Enterprise Bancorp by 3.9% during the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after purchasing an additional 8,703 shares in the last quarter. State Street Corp lifted its stake in shares of Enterprise Bancorp by 1.7% during the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after purchasing an additional 3,257 shares in the last quarter. Siena Capital Partners GP LLC boosted its position in shares of Enterprise Bancorp by 9.7% in the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after buying an additional 13,222 shares during the period. Finally, Banc Funds Co. LLC grew its stake in shares of Enterprise Bancorp by 5.0% in the third quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after buying an additional 5,000 shares in 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.