Enterprise Bancorp (EBTC) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Enterprise Bancorp (NASDAQ:EBTC) from a sell rating to a hold rating in a report released on Wednesday morning, BidAskClub reports.

Shares of EBTC opened at $31.00 on Wednesday. Enterprise Bancorp has a one year low of $26.96 and a one year high of $44.14. The stock has a market capitalization of $363.38 million, a PE ratio of 11.88 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Thursday, April 18th. The savings and loans company reported $0.74 EPS for the quarter. Enterprise Bancorp had a net margin of 22.05% and a return on equity of 12.55%. The company had revenue of $31.92 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, May 10th.

Several institutional investors and hedge funds have recently made changes to their positions in EBTC. Enterprise Bank & Trust Co bought a new position in shares of Enterprise Bancorp in the 1st quarter valued at about $22,314,000. BlackRock Inc. lifted its stake in shares of Enterprise Bancorp by 3.0% during the 4th quarter. BlackRock Inc. now owns 502,573 shares of the savings and loans company’s stock worth $16,163,000 after buying an additional 14,530 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Enterprise Bancorp by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 198,421 shares of the savings and loans company’s stock worth $6,823,000 after buying an additional 11,503 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Enterprise Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 368,514 shares of the savings and loans company’s stock worth $12,673,000 after buying an additional 9,484 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Enterprise Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 368,514 shares of the savings and loans company’s stock worth $12,673,000 after buying an additional 9,484 shares during the last quarter. 20.94% of the stock is owned by institutional investors.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.

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