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

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

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $39.68 on Thursday. 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 business’s 50-day moving average price is $36.21 and its 200 day moving average price is $30.72. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.08. The firm has a market cap of $493.18 million, a P/E ratio of 13.68 and a beta of 0.56.

Enterprise Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is presently 33.10%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $2,043,000. Assenagon Asset Management S.A. lifted its holdings in shares of Enterprise Bancorp by 102.2% during the third quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock valued at $2,096,000 after purchasing an additional 33,153 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Enterprise Bancorp by 35.4% during the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after purchasing an additional 14,563 shares during the last quarter. Siena Capital Partners GP LLC boosted its position in shares of Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after purchasing an additional 13,222 shares during the period. Finally, Barclays PLC increased its stake in Enterprise Bancorp by 69.6% in the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after purchasing an additional 9,373 shares in the last quarter. Institutional investors and hedge funds 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.