Enterprise Bancorp (NASDAQ:EBTC) Downgraded by BidaskClub

Enterprise Bancorp (NASDAQ:EBTC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, June 26th, BidAskClub reports.

Enterprise Bancorp stock traded down $0.03 during trading hours on Wednesday, hitting $29.47. 3,193 shares of the stock were exchanged, compared to its average volume of 8,728. Enterprise Bancorp has a 12 month low of $26.96 and a 12 month high of $39.90. The stock has a 50-day moving average of $29.34. The stock has a market capitalization of $353.61 million, a PE ratio of 11.49 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, April 18th. The savings and loans company reported $0.74 EPS for the quarter. The firm had revenue of $31.92 million during the quarter. Enterprise Bancorp had a net margin of 22.05% and a return on equity of 12.29%.

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in Enterprise Bancorp by 2.8% in the first quarter. Rhumbline Advisers now owns 14,008 shares of the savings and loans company’s stock worth $402,000 after purchasing an additional 375 shares during the last quarter. Context BH Capital Management LP boosted its position in shares of Enterprise Bancorp by 1.2% in the 4th quarter. Context BH Capital Management LP now owns 33,318 shares of the savings and loans company’s stock valued at $1,072,000 after purchasing an additional 389 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Enterprise Bancorp by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 52,962 shares of the savings and loans company’s stock valued at $1,703,000 after purchasing an additional 872 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Enterprise Bancorp by 605.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,017 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 1,731 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Enterprise Bancorp by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 82,268 shares of the savings and loans company’s stock valued at $2,645,000 after purchasing an additional 1,742 shares during the period. Institutional investors own 27.06% 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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