First Trust Advisors LP lifted its position in Enterprise Bancorp, Inc (NASDAQ:EBTC) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,540 shares of the savings and loans company’s stock after acquiring an additional 3,411 shares during the period. First Trust Advisors LP owned approximately 0.19% of Enterprise Bancorp worth $782,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in EBTC. Alliancebernstein L.P. acquired a new stake in shares of Enterprise Bancorp in the 2nd quarter valued at approximately $213,000. Wells Fargo & Company MN raised its position in shares of Enterprise Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock valued at $226,000 after acquiring an additional 150 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Enterprise Bancorp in the 2nd quarter valued at approximately $406,000. Teachers Advisors LLC raised its position in shares of Enterprise Bancorp by 20.4% in the 2nd quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock valued at $598,000 after acquiring an additional 2,849 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Enterprise Bancorp in the 2nd quarter valued at approximately $1,198,000. Institutional investors and hedge funds own 19.80% of the company’s stock.
Shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) opened at $35.46 on Thursday. The firm has a market cap of $431.90, a P/E ratio of 20.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96. Enterprise Bancorp, Inc has a 52-week low of $29.02 and a 52-week high of $39.25.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.54 annualized dividend and a yield of 1.52%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 29.03%.
Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
In other Enterprise Bancorp news, EVP Ryan C. Dunn sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $35.75, for a total transaction of $25,025.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ken S. Ansin sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total transaction of $76,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,955 shares of company stock worth $323,555 over the last 90 days. Corporate insiders own 19.68% of the company’s stock.
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Enterprise Bancorp Company Profile
Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company (the Bank). The Company is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders.
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