Enterprise Bancorp (NASDAQ:EBTC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Shares of Enterprise Bancorp (NASDAQ:EBTC) traded down $0.11 during midday trading on Thursday, hitting $35.35. The stock had a trading volume of 17,095 shares, compared to its average volume of 13,014. Enterprise Bancorp has a 12-month low of $29.02 and a 12-month high of $39.25. The stock has a market cap of $422.39, a P/E ratio of 19.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96.

Enterprise Bancorp (NASDAQ:EBTC) last announced its earnings results on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 9.67% and a net margin of 18.64%. The firm had revenue of $28.58 million for the quarter.

In related news, Director Ken S. Ansin sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total value of $76,820.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Irish sold 1,188 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.00, for a total value of $42,768.00. Following the completion of the transaction, the executive vice president now owns 9,912 shares in the company, valued at approximately $356,832. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,955 shares of company stock worth $323,555. 19.68% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of EBTC. Alliancebernstein L.P. purchased a new position in Enterprise Bancorp in the second quarter valued at approximately $213,000. Wells Fargo & Company MN lifted its stake in Enterprise Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock valued at $226,000 after purchasing an additional 150 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Enterprise Bancorp in the second quarter valued at approximately $406,000. Teachers Advisors LLC lifted its stake in Enterprise Bancorp by 20.4% in the second quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock valued at $598,000 after purchasing an additional 2,849 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Enterprise Bancorp in the second quarter valued at approximately $644,000. Institutional investors and hedge funds own 19.80% of the company’s stock.

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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.

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