Enterprise Bancorp, Inc. (NASDAQ:EBTC) Shares Purchased by Ategra Capital Management LLC

Ategra Capital Management LLC lifted its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 44.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,463 shares of the savings and loans company's stock after acquiring an additional 30,802 shares during the period. Enterprise Bancorp makes up approximately 2.6% of Ategra Capital Management LLC's investment portfolio, making the stock its 13th largest position. Ategra Capital Management LLC owned about 0.81% of Enterprise Bancorp worth $3,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Northern Trust Corp increased its holdings in Enterprise Bancorp by 2.6% in the fourth quarter. Northern Trust Corp now owns 93,614 shares of the savings and loans company's stock valued at $3,701,000 after purchasing an additional 2,353 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Enterprise Bancorp by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company's stock worth $14,873,000 after buying an additional 9,203 shares during the last quarter. Banc Funds Co. LLC lifted its position in shares of Enterprise Bancorp by 5.8% during the 4th quarter. Banc Funds Co. LLC now owns 112,158 shares of the savings and loans company's stock valued at $4,435,000 after buying an additional 6,154 shares during the last quarter. Mariner LLC lifted its position in shares of Enterprise Bancorp by 27.0% during the fourth quarter. Mariner LLC now owns 8,236 shares of the savings and loans company's stock worth $326,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Enterprise Bancorp during the 4th quarter worth approximately $278,000. Institutional investors and hedge funds own 38.93% of the company's stock.

Enterprise Bancorp Stock Performance

NASDAQ EBTC traded up $0.79 during trading hours on Thursday, hitting $39.14. 4,200 shares of the company's stock traded hands, compared to its average volume of 28,330. The business's fifty day moving average price is $37.63 and its two-hundred day moving average price is $38.65. The firm has a market capitalization of $487.65 million, a P/E ratio of 12.54 and a beta of 0.73. 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 52 week low of $22.60 and a 52 week high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%. The firm had revenue of $43.88 million for the quarter.

Enterprise Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, May 12th. Enterprise Bancorp's payout ratio is 30.58%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Enterprise Bancorp in a research report on Sunday. They set a "hold" rating on the stock.

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.