Assenagon Asset Management S.A. lifted its holdings in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 102.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,591 shares of the savings and loans company's stock after buying an additional 33,153 shares during the period. Assenagon Asset Management S.A. owned about 0.53% of Enterprise Bancorp worth $2,096,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Enterprise Bancorp in the 3rd quarter valued at about $111,000. Private Advisor Group LLC bought a new position in Enterprise Bancorp in the 3rd quarter valued at about $212,000. Cabot Wealth Management Inc. bought a new position in Enterprise Bancorp in the 3rd quarter valued at about $234,000. Rhumbline Advisers raised its holdings in Enterprise Bancorp by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company's stock valued at $375,000 after acquiring an additional 406 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Enterprise Bancorp by 59.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,454 shares of the savings and loans company's stock valued at $453,000 after acquiring an additional 6,482 shares during the period. 38.93% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Bancorp Stock Performance
Shares of NASDAQ:EBTC traded down $0.04 on Friday, reaching $32.07. 15,317 shares of the company's stock were exchanged, compared to its average volume of 22,339. The company has a fifty day moving average of $31.46 and a 200-day moving average of $27.56. Enterprise Bancorp, Inc. has a twelve month low of $22.60 and a twelve month high of $34.10. The company has a market capitalization of $398.31 million, a price-to-earnings ratio of 11.07 and a beta of 0.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36.
Enterprise Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.99%. Enterprise Bancorp's payout ratio is presently 33.10%.
Enterprise Bancorp Profile
(
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.
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