Enterprise Bancorp (NASDAQ:EBTC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Sunday.
Shares of Enterprise Bancorp (EBTC) opened at $32.71 on Friday. Enterprise Bancorp has a 1-year low of $29.02 and a 1-year high of $38.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $379.76, a P/E ratio of 15.80 and a beta of 0.89.
Enterprise Bancorp (NASDAQ:EBTC) last posted its earnings results on Thursday, January 25th. The savings and loans company reported $0.64 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 10.68% and a net margin of 16.07%. The firm had revenue of $30.16 million during the quarter.
Several hedge funds have recently modified their holdings of EBTC. Cetera Investment Advisers acquired a new position in shares of Enterprise Bancorp during the second quarter worth approximately $1,198,000. State Street Corp increased its position in shares of Enterprise Bancorp by 9.4% during the second quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock valued at $5,451,000 after purchasing an additional 13,123 shares during the period. Northern Trust Corp increased its position in shares of Enterprise Bancorp by 11.7% during the second quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock valued at $3,747,000 after purchasing an additional 11,070 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Enterprise Bancorp by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 146,180 shares of the savings and loans company’s stock valued at $5,195,000 after purchasing an additional 7,365 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Enterprise Bancorp by 14.1% during the fourth quarter. Bank of New York Mellon Corp now owns 48,975 shares of the savings and loans company’s stock valued at $1,668,000 after purchasing an additional 6,065 shares during the period. Institutional investors own 19.83% of the company’s stock.
About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company (the Bank). The Company is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders.
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