For its second fiscal quarter (ending June 30), Enterprise Bancorp Inc/MA (NASDAQ: EBTC) has reported a -3% decline in E.P.S. from $0.79 a year ago to $0.77 in the current quarter. E.P.S. were $2.89 for the latest four quarters through June 30 versus $3.68 for the same period a year ago — a decline of -21%.
Recent Price Action
Enterprise Bancorp Inc/MA (NASDAQ: EBTC) stock closed at $28.70 on 7/23/24 after a large increase of 4.1%. Moreover, trading volume in this advance was unusually high at 163% of normal. The stock has risen 7.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EBTC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Enterprise Bancorp has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Enterprise Bancorp has a good Appreciation Score of 74 but a poor Power Rating of 29, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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