Investing Lessons From Enterprise Bancorp
2025-06-23 16:56:26 ET
About four and a half years ago, I recommended buying Enterprise Bancorp ( EBTC ) for its high-quality business model, its reliable growth trajectory and its cheap valuation. Since that article, the stock has rewarded shareholders with a total return of 59%. I have reiterated my bullish thesis many times since the initial article. I had an especially strong conviction in 2023, when this best-of-breed bank was beaten to the extreme, along with the entire financial sector, due to the bankruptcy of a few banks, such as Silicon Valley Bank, Credit Suisse and First Republic. I was confident that Enterprise Bancorp would endure that downturn without any problems, and thus it did not deserve a price-to-earnings ratio of 7.6x. Indeed, the stock has outperformed the S&P 500 by a wide margin since then (+49% vs. +37%)....
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Investing Lessons From Enterprise Bancorp
NASDAQ: EBTC
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