Enterprise Bancorp, Inc. (NASDAQ:EBTC) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 353,592 shares of the savings and loans company’s stock after purchasing an additional 8,216 shares during the quarter. Dimensional Fund Advisors LP owned about 2.86% of Enterprise Bancorp worth $8,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EBTC. Rhumbline Advisers boosted its holdings in Enterprise Bancorp by 2.8% in the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after purchasing an additional 406 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Enterprise Bancorp by 59.1% in the first quarter. BNP Paribas Financial Markets now owns 17,454 shares of the savings and loans company’s stock valued at $453,000 after buying an additional 6,482 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Enterprise Bancorp in the first quarter valued at approximately $526,000. Assenagon Asset Management S.A. purchased a new stake in Enterprise Bancorp in the second quarter valued at approximately $807,000. Finally, Bank of New York Mellon Corp lifted its stake in Enterprise Bancorp by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company’s stock valued at $971,000 after buying an additional 4,824 shares during the last quarter. 38.93% of the stock is owned by institutional investors and hedge funds.

Enterprise Bancorp Price Performance

Shares of NASDAQ EBTC opened at $31.27 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. Enterprise Bancorp, Inc. has a twelve month low of $22.60 and a twelve month high of $34.10. The stock has a 50 day moving average of $29.89 and a two-hundred day moving average of $26.69. The stock has a market cap of $386.97 million, a P/E ratio of 10.75 and a beta of 0.53.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.77 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 10.94% and a net margin of 14.99%. The company had revenue of $41.79 million during the quarter.

Enterprise Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Tuesday, August 13th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 32.99%.

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.