State Street Corp Has $6.40 Million Holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

State Street Corp grew its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,176 shares of the savings and loans company’s stock after purchasing an additional 3,257 shares during the quarter. State Street Corp owned about 1.61% of Enterprise Bancorp worth $6,398,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Banc Funds Co. LLC increased its holdings in shares of Enterprise Bancorp by 5.0% during the third quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after acquiring an additional 5,000 shares in the last quarter. Martingale Asset Management L P increased its stake in Enterprise Bancorp by 6.0% during the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock valued at $819,000 after purchasing an additional 1,441 shares in the last quarter. Siena Capital Partners GP LLC increased its stake in Enterprise Bancorp by 9.7% during the 3rd 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enterprise Bancorp during the third quarter worth $223,000. Finally, Empowered Funds LLC lifted its stake in shares of Enterprise Bancorp by 5.4% in the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock valued at $1,854,000 after buying an additional 2,948 shares in the last quarter. 38.93% of the stock is owned by institutional investors.

Enterprise Bancorp Stock Down 1.3 %

EBTC stock opened at $39.72 on Friday. The stock has a market cap of $493.68 million, a P/E ratio of 13.70 and a beta of 0.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $37.05 and its two-hundred day simple moving average is $31.38. Enterprise Bancorp, Inc. has a 1-year low of $22.60 and a 1-year high of $44.08.

Enterprise Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. Enterprise Bancorp’s dividend payout ratio (DPR) is 33.10%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Enterprise Bancorp in a research note on Friday. They set a “hold” rating for the company.

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.