BridgePort Financial Solutions LLC Invests $321,000 in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

BridgePort Financial Solutions LLC bought a new position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,531 shares of the savings and loans company's stock, valued at approximately $321,000. BridgePort Financial Solutions LLC owned about 0.06% of Enterprise Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in Enterprise Bancorp in the fourth quarter valued at approximately $871,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enterprise Bancorp by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company's stock valued at $225,000 after buying an additional 301 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Enterprise Bancorp by 319.1% during the fourth quarter. Deutsche Bank AG now owns 7,397 shares of the savings and loans company's stock valued at $292,000 after acquiring an additional 5,632 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Enterprise Bancorp by 31.8% during the fourth quarter. Citadel Advisors LLC now owns 9,804 shares of the savings and loans company's stock worth $388,000 after acquiring an additional 2,367 shares during the last quarter. Finally, Ategra Capital Management LLC boosted its holdings in Enterprise Bancorp by 44.2% in the fourth quarter. Ategra Capital Management LLC now owns 100,463 shares of the savings and loans company's stock valued at $3,972,000 after purchasing an additional 30,802 shares during the last quarter. Institutional investors and hedge funds own 38.93% of the company's stock.

Enterprise Bancorp Stock Up 1.2%

EBTC stock traded up $0.45 during mid-day trading on Thursday, hitting $38.92. 17,601 shares of the company were exchanged, compared to its average volume of 29,032. The company has a market capitalization of $486.81 million, a PE ratio of 12.47 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 twelve month low of $22.60 and a twelve month high of $44.41. The firm has a fifty day simple moving average of $37.61 and a 200 day simple moving average of $39.29.

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

Enterprise Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Monday, May 12th. Enterprise Bancorp's dividend payout ratio (DPR) is presently 30.58%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Enterprise Bancorp in a report on Tuesday, May 20th. They set a "hold" rating on the stock.

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.