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

StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC – Get Rating) in a report published on Thursday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Performance

Shares of EBTC stock opened at $30.90 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Bancorp has a one year low of $28.57 and a one year high of $40.30. The company’s 50-day simple moving average is $35.05 and its 200-day simple moving average is $33.46. The stock has a market capitalization of $375.44 million, a price-to-earnings ratio of 8.80 and a beta of 0.52.

Enterprise Bancorp (NASDAQ:EBTC – Get Rating) last issued its earnings results on Thursday, January 26th. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 23.81% and a return on equity of 14.86%. The firm had revenue of $46.38 million for the quarter.

Enterprise Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 8th were issued a $0.23 dividend. The ex-dividend date was Tuesday, February 7th. This represents a $0.92 dividend on an annualized basis and a yield of 2.98%. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.21. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 26.21%.

Insiders Place Their Bets

In other Enterprise Bancorp news, Director Michael T. Putziger bought 1,258 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were purchased at an average price of $35.58 per share, with a total value of $44,759.64. Following the completion of the acquisition, the director now directly owns 197,449 shares of the company’s stock, valued at approximately $7,025,235.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enterprise Bancorp

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Enterprise Bancorp by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,411 shares of the savings and loans company’s stock valued at $897,000 after purchasing an additional 502 shares during the period. BHZ Capital Management LP increased its stake in shares of Enterprise Bancorp by 0.5% in the fourth quarter. BHZ Capital Management LP now owns 65,554 shares of the savings and loans company’s stock valued at $2,314,000 after purchasing an additional 307 shares during the period. Barclays PLC increased its stake in shares of Enterprise Bancorp by 45.4% in the fourth quarter. Barclays PLC now owns 6,760 shares of the savings and loans company’s stock valued at $238,000 after purchasing an additional 2,110 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Enterprise Bancorp in the fourth quarter valued at approximately $1,257,000. Finally, Geode Capital Management LLC increased its stake in shares of Enterprise Bancorp by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 177,442 shares of the savings and loans company’s stock valued at $6,263,000 after purchasing an additional 8,381 shares during the period. Institutional investors and hedge funds own 25.53% of the company’s stock.

About Enterprise Bancorp

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Enterprise Bancorp, Inc is a bank holding company, which engages in the provision of financial services through its subsidiary, Enterprise Bank. It offers personal and business banking which consists of business and personal checking accounts, personal and business savings accounts, mortgages loans, personal loans, and cash management solutions.