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

Ategra Capital Management LLC lifted its stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 44.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,463 shares of the savings and loans company's stock after purchasing an additional 30,802 shares during the quarter. Enterprise Bancorp comprises 2.6% of Ategra Capital Management LLC's portfolio, making the stock its 13th largest position. Ategra Capital Management LLC owned approximately 0.81% of Enterprise Bancorp worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in Enterprise Bancorp by 36.6% in the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock valued at $35,000 after buying an additional 237 shares during the last quarter. SG Americas Securities LLC boosted its stake in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after purchasing an additional 948 shares during the period. Harbor Group Inc. bought a new position in Enterprise Bancorp in the 4th quarter worth about $203,000. Wells Fargo & Company MN increased its stake in shares of Enterprise Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock valued at $230,000 after purchasing an additional 1,267 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Enterprise Bancorp during the fourth quarter valued at approximately $278,000. Institutional investors and hedge funds own 38.93% of the company's stock.

Analysts Set New Price Targets

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

Enterprise Bancorp Price Performance

Enterprise Bancorp stock traded down $0.39 during trading hours on Tuesday, hitting $38.60. 9,602 shares of the company traded hands, compared to its average volume of 28,428. The firm's 50-day simple moving average is $37.81 and its two-hundred day simple moving average is $38.65. The firm has a market cap of $480.92 million, a P/E ratio of 12.37 and a beta of 0.73. Enterprise Bancorp, Inc. has a 1-year low of $22.60 and a 1-year high of $44.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

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

Enterprise Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. Enterprise Bancorp's dividend payout ratio (DPR) is 30.58%.

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.