Yakira Capital Management Inc. Takes Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Yakira Capital Management Inc. purchased a new stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,999 shares of the savings and loans company's stock, valued at approximately $1,186,000. Yakira Capital Management Inc. owned about 0.24% of Enterprise Bancorp as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of EBTC. Picton Mahoney Asset Management boosted its position in Enterprise Bancorp by 36.6% in the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock valued at $35,000 after buying an additional 237 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after acquiring an additional 948 shares during the last quarter. Harbor Group Inc. acquired a new stake in shares of Enterprise Bancorp in the fourth quarter worth $203,000. Wells Fargo & Company MN raised its holdings in shares of Enterprise Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock worth $230,000 after purchasing an additional 1,267 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Enterprise Bancorp during the fourth quarter worth $278,000. 38.93% of the stock is owned by institutional investors and hedge funds.

Enterprise Bancorp Stock Performance

Enterprise Bancorp stock traded down $0.59 during midday trading on Friday, hitting $33.52. 7,469 shares of the company were exchanged, compared to its average volume of 28,369. The business has a fifty day simple moving average of $40.20 and a two-hundred day simple moving average of $38.11. 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 $417.56 million, a PE ratio of 10.74 and a beta of 0.56. Enterprise Bancorp, Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last issued its quarterly earnings data 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This is a boost from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. Enterprise Bancorp's payout ratio is presently 32.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a research report on Thursday. They set a "hold" rating on the stock.

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.