Barclays PLC Acquires 9,373 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Barclays PLC lifted its position in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 69.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,836 shares of the savings and loans company's stock after buying an additional 9,373 shares during the period. Barclays PLC owned approximately 0.18% of Enterprise Bancorp worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EBTC. Bank of New York Mellon Corp lifted its stake in shares of Enterprise Bancorp by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company's stock worth $971,000 after purchasing an additional 4,824 shares during the period. Rhumbline Advisers increased its holdings in Enterprise Bancorp by 2.8% during the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company's stock valued at $375,000 after buying an additional 406 shares during the last quarter. American Century Companies Inc. raised its position in Enterprise Bancorp by 35.4% in the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company's stock worth $1,387,000 after acquiring an additional 14,563 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Enterprise Bancorp by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company's stock worth $8,797,000 after acquiring an additional 8,216 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Enterprise Bancorp during the 3rd quarter worth $111,000. Institutional investors own 38.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research note on Sunday. They issued a "hold" rating for the company.

Enterprise Bancorp Stock Performance

Shares of NASDAQ EBTC traded down $0.34 during trading on Thursday, hitting $40.07. The company had a trading volume of 29,765 shares, compared to its average volume of 45,646. Enterprise Bancorp, Inc. has a 12 month low of $22.60 and a 12 month high of $44.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $498.07 million, a P/E ratio of 13.82 and a beta of 0.54. The stock has a 50 day simple moving average of $38.67 and a 200 day simple moving average of $32.84.

Enterprise Bancorp Profile

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.