Enterprise Bancorp (NASDAQ:EBTC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday, December 22nd.
Shares of Enterprise Bancorp (NASDAQ EBTC) traded down $0.62 during trading on Friday, reaching $34.88. 4,800 shares of the company’s stock were exchanged, compared to its average volume of 6,167. Enterprise Bancorp has a 12 month low of $29.02 and a 12 month high of $38.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $411.72, a PE ratio of 18.75 and a beta of 0.96.
Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%. The company had revenue of $28.58 million during the quarter.
Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its stake in shares of Enterprise Bancorp by 11.7% during the 2nd quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock worth $3,747,000 after purchasing an additional 11,070 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Enterprise Bancorp during the second quarter worth approximately $1,198,000. State Street Corp boosted its position in 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 worth $5,451,000 after acquiring an additional 13,123 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 worth $5,195,000 after acquiring an additional 7,365 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Enterprise Bancorp by 18.8% during the third quarter. First Trust Advisors LP now owns 21,540 shares of the savings and loans company’s stock worth $782,000 after acquiring an additional 3,411 shares during the last quarter. 19.80% of the stock is owned by institutional investors and hedge funds.
Enterprise Bancorp Company Profile
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.
Receive News & Ratings for Enterprise Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.