Enterprise Bancorp (EBTC) Raised to “Sell” at BidaskClub

Enterprise Bancorp (NASDAQ:EBTC) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, March 30th, BidAskClub reports.

NASDAQ:EBTC traded up $0.97 on Friday, hitting $29.99. 5,703 shares of the stock were exchanged, compared to its average volume of 10,109. The firm has a market capitalization of $351.54 million, a PE ratio of 11.49 and a beta of 0.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.93. Enterprise Bancorp has a fifty-two week low of $26.96 and a fifty-two week high of $44.14.

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

Hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY grew its stake in shares of Enterprise Bancorp by 403.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,206 shares of the savings and loans company’s stock valued at $103,000 after buying an additional 2,569 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of Enterprise Bancorp by 63.2% in the third quarter. MetLife Investment Advisors LLC now owns 6,633 shares of the savings and loans company’s stock valued at $228,000 after buying an additional 2,569 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Enterprise Bancorp by 80.8% in the fourth quarter. Bank of America Corp DE now owns 8,320 shares of the savings and loans company’s stock valued at $268,000 after buying an additional 3,718 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Enterprise Bancorp by 44.4% in the fourth quarter. Rhumbline Advisers now owns 13,633 shares of the savings and loans company’s stock valued at $438,000 after buying an additional 4,192 shares in the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Enterprise Bancorp by 23.8% in the third quarter. Martingale Asset Management L P now owns 19,806 shares of the savings and loans company’s stock valued at $682,000 after buying an additional 3,802 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

Enterprise Bancorp Company Profile

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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