Enterprise Bancorp, Inc. (NASDAQ:EBTC) Stock Position Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,990 shares of the savings and loans company's stock after selling 9,275 shares during the period. Commonwealth Equity Services LLC owned approximately 0.90% of Enterprise Bancorp worth $4,428,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Geode Capital Management LLC grew its stake in Enterprise Bancorp by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company's stock valued at $7,467,000 after purchasing an additional 8,703 shares in the last quarter. State Street Corp boosted its stake in shares of Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company's stock valued at $6,398,000 after buying an additional 3,257 shares during the last quarter. Banc Funds Co. LLC grew its position in shares of Enterprise Bancorp by 5.0% during the third quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company's stock worth $3,388,000 after buying an additional 5,000 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Enterprise Bancorp in the third quarter worth $2,043,000. Finally, Empowered Funds LLC increased its stake in shares of Enterprise Bancorp by 5.0% in the fourth 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 last quarter. Institutional investors and hedge funds own 38.93% of the company's stock.

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Enterprise Bancorp Stock Up 0.1 %

NASDAQ:EBTC traded up $0.04 during mid-day trading on Thursday, reaching $40.00. The stock had a trading volume of 27,748 shares, compared to its average volume of 26,650. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $498.36 million, a price-to-earnings ratio of 12.82 and a beta of 0.49. Enterprise Bancorp, Inc. has a 1-year low of $22.60 and a 1-year high of $44.41. The stock's 50 day simple moving average is $41.56 and its two-hundred day simple moving average is $37.68.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last issued its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This is a positive change from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.50%. Enterprise Bancorp's payout ratio is presently 32.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a report on Tuesday. They set a "hold" rating for the company.

About Enterprise Bancorp

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.