28,099 Shares in Enterprise Bancorp, Inc. (NASDAQ:EBTC) Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ acquired a new position in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,099 shares of the savings and loans company's stock, valued at approximately $1,114,000. Skandinaviska Enskilda Banken AB publ owned about 0.23% of Enterprise Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Enterprise Bancorp by 5.4% in the 3rd 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enterprise Bancorp during the third quarter valued at approximately $223,000. Siena Capital Partners GP LLC raised its position in shares of Enterprise Bancorp by 9.7% in the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company's stock valued at $4,771,000 after purchasing an additional 13,222 shares during the period. Martingale Asset Management L P lifted its stake in shares of Enterprise Bancorp by 6.0% in the third quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company's stock worth $819,000 after buying an additional 1,441 shares during the last quarter. Finally, Banc Funds Co. LLC boosted 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 buying an additional 5,000 shares during the period. Institutional investors own 38.93% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a research report on Monday. They issued a "hold" rating for the company.

Enterprise Bancorp Stock Performance

Enterprise Bancorp stock traded down $0.31 on Friday, hitting $38.88. The company's stock had a trading volume of 84,054 shares, compared to its average volume of 26,375. Enterprise Bancorp, Inc. has a one year low of $22.60 and a one year high of $44.41. The firm has a market cap of $484.41 million, a P/E ratio of 12.46 and a beta of 0.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $41.46 and a 200-day moving average price of $37.36.

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 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 company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from Enterprise Bancorp's previous quarterly dividend of $0.24. Enterprise Bancorp's payout ratio is 32.05%.

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.