Enterprise Bancorp (NASDAQ:EBTC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday, BidAskClub reports.

Several other equities analysts have also commented on EBTC. TheStreet lowered shares of Enterprise Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, March 9th. ValuEngine raised shares of Enterprise Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, March 30th.

Shares of NASDAQ:EBTC traded up $0.02 during trading on Thursday, reaching $22.07. The stock had a trading volume of 4,490 shares, compared to its average volume of 18,284. Enterprise Bancorp has a one year low of $19.27 and a one year high of $34.75. The company has a market capitalization of $262.33 million, a P/E ratio of 8.82 and a beta of 0.49. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $23.65 and its 200 day simple moving average is $28.88.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Monday, April 27th. The savings and loans company reported $0.34 earnings per share for the quarter. Enterprise Bancorp had a net margin of 18.99% and a return on equity of 10.07%. The business had revenue of $34.09 million for the quarter.

Several institutional investors have recently made changes to their positions in the stock. Siena Capital Partners GP LLC purchased a new position in shares of Enterprise Bancorp in the 1st quarter valued at approximately $610,000. Wells Fargo & Company MN raised its position in Enterprise Bancorp by 11.4% during the 1st quarter. Wells Fargo & Company MN now owns 18,953 shares of the savings and loans company’s stock worth $512,000 after buying an additional 1,947 shares during the last quarter. Geode Capital Management LLC raised its position in Enterprise Bancorp by 6.6% during the 1st quarter. Geode Capital Management LLC now owns 118,342 shares of the savings and loans company’s stock worth $3,194,000 after buying an additional 7,298 shares during the last quarter. Alliancebernstein L.P. raised its position in Enterprise Bancorp by 12.2% during the 1st quarter. Alliancebernstein L.P. now owns 9,200 shares of the savings and loans company’s stock worth $248,000 after buying an additional 1,000 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Enterprise Bancorp by 3.7% during the 1st quarter. Nuveen Asset Management LLC now owns 36,034 shares of the savings and loans company’s stock worth $972,000 after buying an additional 1,302 shares during the last quarter. 22.07% of the stock is owned by hedge funds and other 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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