Geode Capital Management LLC Grows Stock Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Geode Capital Management LLC grew its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 3.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,563 shares of the savings and loans company’s stock after purchasing an additional 8,703 shares during the period. Geode Capital Management LLC owned approximately 1.88% of Enterprise Bancorp worth $7,467,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Enterprise Bancorp during the 3rd quarter valued at $111,000. Private Advisor Group LLC acquired a new stake in shares of Enterprise Bancorp during the third quarter valued at about $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enterprise Bancorp during the third quarter worth about $223,000. Cabot Wealth Management Inc. acquired a new position in shares of Enterprise Bancorp in the third quarter worth about $234,000. Finally, Rhumbline Advisers lifted its stake in shares of Enterprise Bancorp by 2.8% in the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock worth $375,000 after acquiring an additional 406 shares in the last quarter. 38.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Enterprise Bancorp in a report on Friday, December 27th. They set a “hold” rating on the stock.

Enterprise Bancorp Stock Down 1.9 %

Shares of NASDAQ:EBTC opened at $38.79 on Friday. The firm has a market cap of $482.12 million, a PE ratio of 13.38 and a beta of 0.56. The company has a fifty day simple moving average of $37.63 and a 200 day simple moving average of $31.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp, Inc. has a 12-month low of $22.60 and a 12-month high of $44.08.

Enterprise Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.47%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 33.10%.

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.