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

Analysts at StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research report issued on Saturday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Trading Up 0.1 %

Shares of Enterprise Bancorp stock opened at $36.66 on Friday. The stock has a market capitalization of $456.75 million, a P/E ratio of 11.75 and a beta of 0.56. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.41. 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 stock’s 50-day simple moving average is $38.41 and its 200 day simple moving average is $38.45.

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

Institutional Trading of Enterprise Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after buying an additional 3,257 shares in the last quarter. Barclays PLC boosted its position in shares of Enterprise Bancorp by 69.6% in the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock valued at $729,000 after acquiring an additional 9,373 shares during the period. Geode Capital Management LLC grew its stake in 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 valued at $7,467,000 after acquiring an additional 8,703 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Enterprise Bancorp by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after acquiring an additional 13,084 shares during the period. Finally, Harbor Group Inc. purchased a new stake in Enterprise Bancorp in the 4th quarter worth approximately $203,000. 38.93% of the stock is currently owned by institutional investors.

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.