JPMorgan Chase & Co. Has $664,000 Stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

JPMorgan Chase & Co. lifted its stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 170.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,762 shares of the savings and loans company's stock after acquiring an additional 13,084 shares during the period. JPMorgan Chase & Co. owned approximately 0.17% of Enterprise Bancorp worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Martingale Asset Management L P increased its holdings in shares of Enterprise Bancorp by 6.0% during the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company's stock worth $819,000 after purchasing an additional 1,441 shares during the period. Empowered Funds LLC increased its stake in Enterprise Bancorp by 5.4% during the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company's stock valued at $1,854,000 after acquiring an additional 2,948 shares during the period. State Street Corp raised its holdings in Enterprise Bancorp by 1.7% in 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 acquiring an additional 3,257 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Enterprise Bancorp in the 3rd quarter worth approximately $111,000. Finally, Banc Funds Co. LLC grew its holdings in shares of Enterprise Bancorp by 5.0% during the 3rd quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company's stock worth $3,388,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 38.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a research note on Tuesday. They issued a "hold" rating on the stock.

Enterprise Bancorp Price Performance

Shares of NASDAQ EBTC traded down $0.31 during midday trading on Friday, reaching $42.43. 33,711 shares of the company traded hands, compared to its average volume of 42,690. The stock's 50-day simple moving average is $39.79 and its 200-day simple moving average is $34.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp, Inc. has a 12 month low of $22.60 and a 12 month high of $44.08. The firm has a market cap of $527.42 million, a PE ratio of 13.62 and a beta of 0.54.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. This is an increase from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.36%. Enterprise Bancorp's payout ratio is presently 30.77%.

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.