Enterprise Bancorp, Inc. (NASDAQ:EBTC) Shares Sold by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC decreased its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTCFree Report) by 22.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,143 shares of the savings and loans company’s stock after selling 6,187 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Enterprise Bancorp were worth $836,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Enterprise Bancorp during the 3rd quarter worth $111,000. Private Advisor Group LLC acquired a new stake in Enterprise Bancorp during the third quarter worth about $212,000. Assenagon Asset Management S.A. raised its stake in Enterprise Bancorp by 102.2% during the third quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after purchasing an additional 33,153 shares during the period. Empowered Funds LLC boosted its holdings in 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 purchasing an additional 2,948 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enterprise Bancorp in the 3rd quarter valued at approximately $223,000. 38.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a research report on Friday. They set a “hold” rating on the stock.

View Our Latest Report on Enterprise Bancorp

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $42.45 on Friday. Enterprise Bancorp, Inc. has a 52 week low of $22.60 and a 52 week high of $44.41. The stock’s fifty day moving average is $41.24 and its two-hundred day moving average is $35.80. The company has a market capitalization of $528.93 million, a P/E ratio of 13.61 and a beta of 0.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp (NASDAQ:EBTCGet Free Report) last issued its quarterly earnings data 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 32.05%.

Enterprise Bancorp Company 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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Institutional Ownership by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

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