Barclays PLC Grows Holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Barclays PLC raised its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 69.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,836 shares of the savings and loans company’s stock after purchasing an additional 9,373 shares during the quarter. Barclays PLC owned 0.18% of Enterprise Bancorp worth $729,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $2,043,000. Assenagon Asset Management S.A. increased its stake in Enterprise Bancorp by 102.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after buying an additional 33,153 shares in the last quarter. American Century Companies Inc. raised its holdings in Enterprise Bancorp by 35.4% during the second 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 period. Siena Capital Partners GP LLC raised its holdings in 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 valued at $4,771,000 after acquiring an additional 13,222 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Enterprise Bancorp by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after acquiring an additional 8,216 shares in the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Enterprise Bancorp in a research report on Friday, December 27th. They set a “hold” rating for the company.

Enterprise Bancorp Trading Down 0.3 %

Enterprise Bancorp stock opened at $39.54 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day moving average price is $37.35 and its 200-day moving average price is $31.71. Enterprise Bancorp, Inc. has a 1 year low of $22.60 and a 1 year high of $44.08. The stock has a market cap of $491.44 million, a P/E ratio of 13.63 and a beta of 0.56.

Enterprise Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s payout ratio is currently 33.10%.

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.