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

Barclays PLC increased its stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 69.6% in the 3rd quarter, according to the company in its most recent disclosure with the 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 about 0.18% of Enterprise Bancorp worth $729,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Enterprise Bancorp during the third quarter valued at $111,000. Private Advisor Group LLC bought a new stake in Enterprise Bancorp during the third quarter valued at $212,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enterprise Bancorp during the third quarter valued at $223,000. Cabot Wealth Management Inc. bought a new stake in Enterprise Bancorp during the third quarter valued at $234,000. Finally, Rhumbline Advisers boosted its stake in Enterprise Bancorp by 2.8% during the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after buying an additional 406 shares during the period. 38.93% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Bancorp Trading Up 3.1 %

Shares of EBTC stock opened at $40.41 on Thursday. 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 business has a 50-day moving average price of $38.62 and a two-hundred day moving average price of $32.78. Enterprise Bancorp, Inc. has a 12-month low of $22.60 and a 12-month high of $44.08. The firm has a market cap of $502.26 million, a P/E ratio of 13.93 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research note on Sunday. They set a “hold” rating for the company.

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.