Enterprise Bancorp, Inc (NASDAQ:EBTC)’s share price reached a new 52-week high and low on Friday . The stock traded as low as $38.33 and last traded at $37.82, with a volume of 13900 shares trading hands. The stock had previously closed at $37.82.
Separately, BidaskClub lowered shares of Enterprise Bancorp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th.
The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $444.19 million, a P/E ratio of 17.52 and a beta of 0.82.
Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, April 19th. The savings and loans company reported $0.58 EPS for the quarter. Enterprise Bancorp had a net margin of 16.55% and a return on equity of 11.03%. The firm had revenue of $29.81 million for the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be issued a $0.145 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.58 dividend on an annualized basis and a yield of 1.53%.
A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Enterprise Bancorp by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 171,658 shares of the savings and loans company’s stock worth $6,058,000 after buying an additional 11,559 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Enterprise Bancorp by 19.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,331 shares of the savings and loans company’s stock worth $612,000 after buying an additional 2,800 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Enterprise Bancorp in the 4th quarter worth $138,000. Deutsche Bank AG lifted its holdings in Enterprise Bancorp by 141.9% in the 4th quarter. Deutsche Bank AG now owns 24,873 shares of the savings and loans company’s stock worth $845,000 after buying an additional 14,589 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Enterprise Bancorp by 11.7% in the 4th quarter. Renaissance Technologies LLC now owns 28,048 shares of the savings and loans company’s stock worth $955,000 after buying an additional 2,948 shares in the last quarter. Hedge funds and other institutional investors own 19.71% of the company’s stock.
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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