Download PDF

1. Company Snapshot

1.a. Company Description

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.


The company also provides commercial real estate, commercial and industrial, commercial construction, residential, and consumer loans, as well as home equity loans and lines of credit.In addition, the company offers cash management services; wealth advisory and management services that include customized investment management and trust services to individuals, family groups, commercial businesses, trusts, foundations, non-profit organizations, and endowments; brokerage and management services to individual investors; insurance services; and voice, online, and mobile banking services.As of January 27, 2022, it had 26 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell, Methuen, North Andover, Tewksbury, Tyngsborough, and Westford; and in the New Hampshire communities of Derry, Hudson, Nashua, Pelham, Salem, and Windham.


The company was founded in 1989 and is headquartered in Lowell, Massachusetts.

Show Full description

1.b. Last Insights on EBTC

Enterprise Bancorp's recent performance has been impacted by the proposed acquisition by Independent Bank Corp. The deal, announced in December 2024, has been under scrutiny by investor law firms, including Halper Sadeh LLC and Kahn Swick & Foti, LLC, who are investigating whether the sale is fair to shareholders. The proposed transaction involves Enterprise shareholders receiving 0.60 shares of Independent and $2.00 in cash for each share of Enterprise owned. Additionally, Enterprise's fourth-quarter financial results showed improved net interest margin, driven by lower interest rates, but the earnings release did not provide significant insights into the company's future prospects.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date

Jun -04

Source: businesswire.com

Card image cap

Enterprise Bancorp, Inc. Announces First Quarter Financial Results

Apr -17

Source: globenewswire.com

Card image cap

EBTC Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Enterprise Bancorp, Inc. is Fair to Shareholders

Feb -25

Source: businesswire.com

Card image cap

Evaluating Enterprise Bancorp After Its Breathtaking Rally

Feb -14

Source: seekingalpha.com

Card image cap

23 Upcoming Dividend Increases, Including 2 Kings

Feb -07

Source: seekingalpha.com

Card image cap

Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results

Jan -28

Source: globenewswire.com

Card image cap

Enterprise Bancorp, Inc. Announces Quarterly Dividend

Jan -21

Source: globenewswire.com

Card image cap

KBRA Comments on Enterprise Bancorp, Inc.'s Proposed Merger Agreement with Independent Bank Corp.

Dec -18

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Banking and Related Activities

Expected Growth: 4.5%

Growing demand for commercial and consumer banking services, increasing adoption of digital banking, and a strong economy are expected to drive growth in Enterprise Bancorp's Banking and Related Activities segment.

7. Detailed Products

Commercial Lending

Enterprise Bancorp, Inc. offers a range of commercial lending products, including term loans, lines of credit, and construction loans, to help businesses achieve their goals.

Cash Management

Enterprise Bancorp, Inc.'s cash management services help businesses manage their cash flow, optimize liquidity, and reduce financial risk.

Treasury Management

Enterprise Bancorp, Inc.'s treasury management services help businesses optimize their treasury operations, manage risk, and improve financial performance.

Retail Banking

Enterprise Bancorp, Inc. offers a range of retail banking products and services, including checking and savings accounts, credit cards, and personal loans.

Wealth Management

Enterprise Bancorp, Inc.'s wealth management services provide investment and financial planning solutions to help individuals and families achieve their financial goals.

Mortgage Lending

Enterprise Bancorp, Inc. offers a range of mortgage lending products, including residential and commercial mortgages, to help individuals and businesses achieve their real estate goals.

8. Enterprise Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Enterprise Bancorp, Inc. is medium due to the presence of alternative financial institutions and digital payment platforms.

Bargaining Power Of Customers

The bargaining power of customers is low for Enterprise Bancorp, Inc. as customers have limited negotiating power due to the bank's strong brand and limited alternatives.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Enterprise Bancorp, Inc. as the bank relies on a few large suppliers for technology and services, giving them some negotiating power.

Threat Of New Entrants

The threat of new entrants is low for Enterprise Bancorp, Inc. due to the high barriers to entry in the banking industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high for Enterprise Bancorp, Inc. due to the competitive nature of the banking industry, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 20.86%
Debt Cost 4.39%
Equity Weight 79.14%
Equity Cost 6.94%
WACC 6.41%
Leverage 26.35%

11. Quality Control: Enterprise Bancorp, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Enterprise Bancorp

A-Score: 6.5/10

Value: 6.3

Growth: 5.3

Quality: 6.7

Yield: 4.0

Momentum: 8.0

Volatility: 8.3

1-Year Total Return ->

View Full Report
Stock-Card
South Plains Financial

A-Score: 6.3/10

Value: 6.6

Growth: 5.9

Quality: 6.6

Yield: 4.0

Momentum: 7.0

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
Investar Holding

A-Score: 6.1/10

Value: 6.3

Growth: 6.0

Quality: 5.9

Yield: 4.0

Momentum: 7.5

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
United Bancorp

A-Score: 6.0/10

Value: 4.4

Growth: 4.9

Quality: 4.5

Yield: 10.0

Momentum: 6.5

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
QCR Holdings

A-Score: 5.7/10

Value: 6.3

Growth: 8.3

Quality: 7.6

Yield: 0.0

Momentum: 4.5

Volatility: 7.3

1-Year Total Return ->

View Full Report
Stock-Card
Customers Bancorp

A-Score: 5.0/10

Value: 6.5

Growth: 6.8

Quality: 3.8

Yield: 0.0

Momentum: 8.0

Volatility: 4.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

39.64$

Current Price

39.64$

Potential

-0.00%

Expected Cash-Flows