Enterprise Bancorp, Inc. (NASDAQ:EBTC) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,009 shares of the savings and loans company’s stock after buying an additional 1,452 shares during the period. Rhumbline Advisers owned 0.13% of Enterprise Bancorp worth $633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBTC. Private Advisor Group LLC acquired a new position in Enterprise Bancorp during the 3rd quarter valued at about $212,000. Empowered Funds LLC raised its holdings in shares of Enterprise Bancorp by 5.4% during 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enterprise Bancorp during the third quarter valued at approximately $223,000. Siena Capital Partners GP LLC boosted its position in shares of Enterprise Bancorp by 9.7% during the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after buying an additional 13,222 shares during the period. Finally, Martingale Asset Management L P grew its holdings in Enterprise Bancorp by 6.0% in the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock worth $819,000 after buying an additional 1,441 shares in the last quarter. Institutional investors and hedge funds own 38.93% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a research note on Saturday, March 1st. They set a “hold” rating on the stock.

Enterprise Bancorp Stock Down 1.2 %

Shares of Enterprise Bancorp stock opened at $39.37 on Friday. Enterprise Bancorp, Inc. has a 12-month low of $22.60 and a 12-month high of $44.41. The firm has a market capitalization of $490.47 million, a PE ratio of 12.62 and a beta of 0.49. 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 stock’s fifty day moving average is $41.47 and its 200-day moving average is $36.72.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This is a positive change 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 dividend yield of 2.54%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 32.05%.

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.