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Enterprise Bancorp (NASDAQ:EBTC) Downgraded by StockNews … – MarketBeat


Enterprise Bancorp (NASDAQ:EBTCGet Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Enterprise Bancorp Trading Down 1.7 %

Shares of EBTC stock opened at $35.65 on Tuesday. The company has a 50 day moving average of $34.49 and a 200-day moving average of $32.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.23. Enterprise Bancorp has a 12-month low of $28.57 and a 12-month high of $45.08. The firm has a market cap of $432.22 million, a P/E ratio of 10.49 and a beta of 0.53.

Enterprise Bancorp (NASDAQ:EBTCGet Rating) last issued its quarterly earnings results on Thursday, October 20th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 23.95% and a return on equity of 13.59%. The company had revenue of $44.30 million during the quarter.

Insider Transactions at Enterprise Bancorp

In related news, Director Michael T. Putziger purchased 1,141 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was bought at an average price of $34.93 per share, for a total transaction of $39,855.13. Following the purchase, the director now directly owns 195,027 shares in the company, valued at approximately $6,812,293.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Enterprise Bancorp news, Director Michael T. Putziger acquired 1,141 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was bought at an average cost of $34.93 per share, with a total value of $39,855.13. Following the acquisition, the director now owns 195,027 shares in the company, valued at $6,812,293.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen J. Irish sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $31.00, for a total transaction of $46,500.00. Following the completion of the transaction, the executive vice president now directly owns 34,589 shares of the company’s stock, valued at $1,072,259. The disclosure for this sale can be found here. 17.12% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EBTC. Captrust Financial Advisors bought a new position in Enterprise Bancorp in the 1st quarter valued at $19,516,000. M3F Inc. boosted its holdings in Enterprise Bancorp by 26.0% in the 2nd quarter. M3F Inc. now owns 133,724 shares of the savings and loans company’s stock valued at $4,305,000 after purchasing an additional 27,584 shares during the period. State Street Corp boosted its holdings in Enterprise Bancorp by 14.1% in the 1st quarter. State Street Corp now owns 183,195 shares of the savings and loans company’s stock valued at $7,350,000 after purchasing an additional 22,629 shares during the period. Monarch Partners Asset Management LLC boosted its holdings in Enterprise Bancorp by 31.5% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 60,113 shares of the savings and loans company’s stock valued at $1,798,000 after purchasing an additional 14,405 shares during the period. Finally, Millennium Management LLC bought a new position in Enterprise Bancorp in the 2nd quarter valued at $335,000. 25.53% of the stock is owned by institutional investors.

Enterprise Bancorp Company Profile

(Get Rating)

Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.

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