Enterprise Bancorp (NASDAQ:EBTC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Enterprise Bancorp, Inc. (NASDAQ:EBTC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.59 and traded as low as $39.41. Enterprise Bancorp shares last traded at $39.50, with a volume of 15,448 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Enterprise Bancorp in a report on Tuesday, May 20th. They issued a “hold” rating for the company.

Enterprise Bancorp Trading Down 0.8%

The firm has a 50 day simple moving average of $38.10 and a 200 day simple moving average of $39.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $494.07 million, a P/E ratio of 12.66 and a beta of 0.75.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 EPS for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%. The business had revenue of $43.88 million during the quarter.

Enterprise Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 2.53%. Enterprise Bancorp’s dividend payout ratio is currently 30.58%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Enterprise Bancorp by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 516,581 shares of the savings and loans company’s stock worth $20,110,000 after purchasing an additional 24,176 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Enterprise Bancorp by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock valued at $14,873,000 after acquiring an additional 9,203 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Enterprise Bancorp by 112.4% during the 1st quarter. American Century Companies Inc. now owns 133,104 shares of the savings and loans company’s stock valued at $5,182,000 after acquiring an additional 70,436 shares during the last quarter. Banc Funds Co. LLC boosted its position in shares of Enterprise Bancorp by 5.8% during the 4th quarter. Banc Funds Co. LLC now owns 112,158 shares of the savings and loans company’s stock valued at $4,435,000 after acquiring an additional 6,154 shares during the last quarter. Finally, Ategra Capital Management LLC boosted its position in shares of Enterprise Bancorp by 44.2% during the 4th quarter. Ategra Capital Management LLC now owns 100,463 shares of the savings and loans company’s stock valued at $3,972,000 after acquiring an additional 30,802 shares during the last quarter. Institutional investors 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.