Enterprise Bancorp, Inc. (NASDAQ:EBTC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,137 shares of the savings and loans company's stock after purchasing an additional 9,203 shares during the period. Dimensional Fund Advisors LP owned 3.03% of Enterprise Bancorp worth $14,873,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EBTC. Picton Mahoney Asset Management grew its stake in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock worth $35,000 after buying an additional 237 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock worth $175,000 after buying an additional 948 shares during the last quarter. Harbor Group Inc. purchased a new position in shares of Enterprise Bancorp in the 4th quarter worth approximately $203,000. Wells Fargo & Company MN increased its stake in Enterprise Bancorp by 27.9% during the 4th 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Enterprise Bancorp during the 4th quarter valued at approximately $278,000. 38.93% of the stock is currently owned by institutional investors.

Enterprise Bancorp Price Performance

EBTC traded up $0.44 during trading on Tuesday, reaching $40.81. The company's stock had a trading volume of 5,615 shares, compared to its average volume of 33,021. The firm has a fifty day simple moving average of $37.52 and a two-hundred day simple moving average of $38.90. The company has a market cap of $510.45 million, a price-to-earnings ratio of 13.08 and a beta of 0.73. 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, Inc. has a 1 year low of $22.60 and a 1 year high of $44.41.

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 EPS for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%. The company had revenue of $43.88 million during the quarter.

Enterprise Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a $0.25 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. Enterprise Bancorp's dividend payout ratio (DPR) is presently 30.58%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enterprise Bancorp in a research report on Monday. They issued a "hold" rating for the company.

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.