Private Advisor Group LLC Makes New $212,000 Investment in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Private Advisor Group LLC purchased a new position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,623 shares of the savings and loans company’s stock, valued at approximately $212,000. Private Advisor Group LLC owned 0.05% of Enterprise Bancorp at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in shares of Enterprise Bancorp in the 1st quarter valued at about $526,000. Vanguard Group Inc. increased its holdings in shares of Enterprise Bancorp by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock valued at $11,807,000 after acquiring an additional 19,918 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Enterprise Bancorp in the 2nd quarter valued at about $807,000. American Century Companies Inc. increased its holdings in shares of Enterprise Bancorp by 35.4% in the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after acquiring an additional 14,563 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Enterprise Bancorp by 14.1% in the 2nd 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 acquiring an additional 4,824 shares during the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Trading Up 1.1 %

NASDAQ:EBTC opened at $36.86 on Friday. The stock’s 50 day moving average price is $32.02 and its 200 day moving average price is $28.05. The company has a market capitalization of $458.13 million, a PE ratio of 12.71 and a beta of 0.53. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.36. Enterprise Bancorp, Inc. has a 52-week low of $22.60 and a 52-week high of $39.37.

Enterprise Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.60%. Enterprise Bancorp’s dividend payout ratio is presently 33.10%.

Enterprise Bancorp 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.