ABC Arbitrage SA purchased a new stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,227 shares of the savings and loans company's stock, valued at approximately $2,342,000. ABC Arbitrage SA owned 0.48% of Enterprise Bancorp as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC lifted its position in shares of Enterprise Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 60,917 shares of the savings and loans company's stock worth $2,409,000 after buying an additional 2,910 shares during the period. SG Americas Securities LLC increased its position in Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after acquiring an additional 948 shares in the last quarter. Harbor Group Inc. acquired a new stake in shares of Enterprise Bancorp in the fourth quarter valued at approximately $203,000. JPMorgan Chase & Co. lifted its holdings in Enterprise Bancorp by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company's stock worth $664,000 after buying an additional 13,084 shares in the last quarter. Finally, Barclays PLC boosted its position in Enterprise Bancorp by 69.6% in the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company's stock valued at $729,000 after buying an additional 9,373 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research note on Thursday, February 13th. They set a "hold" rating on the stock.
Get Our Latest Stock Analysis on EBTC
Enterprise Bancorp Trading Up 0.2 %
Shares of NASDAQ:EBTC traded up $0.09 during trading on Wednesday, hitting $43.66. 25,071 shares of the company's stock were exchanged, compared to its average volume of 38,855. Enterprise Bancorp, Inc. has a 1-year low of $22.60 and a 1-year high of $44.41. The firm has a 50-day moving average price of $41.24 and a two-hundred day moving average price of $35.63. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $542.69 million, a P/E ratio of 13.99 and a beta of 0.54.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.
Enterprise Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Enterprise Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. Enterprise Bancorp's dividend payout ratio is 32.05%.
About Enterprise Bancorp
(
Free Report)
Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of 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.
See Also
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