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

Yakira Capital Management Inc. acquired a new stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,999 shares of the savings and loans company’s stock, valued at approximately $1,186,000. Yakira Capital Management Inc. owned approximately 0.24% of Enterprise Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN grew 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 valued at $230,000 after buying an additional 1,267 shares during the last quarter. Gardner Lewis Asset Management L P purchased a new stake in Enterprise Bancorp during the 4th quarter valued at $1,521,000. JPMorgan Chase & Co. increased its holdings in shares of Enterprise Bancorp by 124.2% in the 4th quarter. JPMorgan Chase & Co. now owns 46,554 shares of the savings and loans company’s stock worth $1,841,000 after purchasing an additional 25,792 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Enterprise Bancorp by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock worth $19,470,000 after purchasing an additional 8,238 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Enterprise Bancorp by 12.1% in the fourth quarter. American Century Companies Inc. now owns 62,668 shares of the savings and loans company’s stock worth $2,478,000 after purchasing an additional 6,750 shares during the last quarter. 38.93% of the stock is owned by hedge funds and other institutional investors.

Enterprise Bancorp Stock Performance

Shares of EBTC stock opened at $34.80 on Friday. 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 50 day moving average price of $41.07 and a 200-day moving average price of $38.04. Enterprise Bancorp, Inc. has a 52 week low of $22.60 and a 52 week high of $44.41. The firm has a market capitalization of $433.57 million, a PE ratio of 11.15 and a beta of 0.49.

Enterprise Bancorp (NASDAQ:EBTC) last issued its 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s payout ratio is presently 32.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research report on Wednesday. They set a “hold” rating on the stock.

Enterprise Bancorp Company 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.