GAMMA Investing LLC Grows Holdings in Enterprise Bancorp Inc (NASDAQ:EBTC)

GAMMA Investing LLC grew its holdings in shares of Enterprise Bancorp Inc (NASDAQ:EBTC - Free Report) by 3,483.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,927 shares of the savings and loans company's stock after purchasing an additional 9,650 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Enterprise Bancorp worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock valued at $35,000 after purchasing an additional 237 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Enterprise Bancorp by 5.6% during 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 purchasing an additional 301 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Enterprise Bancorp during the 4th quarter valued at about $278,000. Finally, Deutsche Bank AG increased its position in shares of Enterprise Bancorp by 319.1% during the 4th quarter. Deutsche Bank AG now owns 7,397 shares of the savings and loans company's stock valued at $292,000 after purchasing an additional 5,632 shares during the last quarter. Hedge funds and other institutional investors own 38.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Enterprise Bancorp in a research report on Tuesday, May 20th. They set a "hold" rating for the company.

Enterprise Bancorp Stock Performance

Enterprise Bancorp stock traded up $1.01 during midday trading on Monday, hitting $39.44. The stock had a trading volume of 21,529 shares, compared to its average volume of 29,506. The firm's fifty day moving average is $38.48 and its two-hundred day moving average is $39.66. The company has a market capitalization of $493.39 million, a PE ratio of 12.06 and a beta of 0.75. Enterprise Bancorp Inc has a 52-week low of $22.60 and a 52-week high of $44.41. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40.

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 (EPS) for the quarter. The company had revenue of $43.88 million during the quarter. Enterprise Bancorp had a net margin of 15.74% and a return on equity of 11.18%.

Enterprise Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.54%. The ex-dividend date was Monday, May 12th. Enterprise Bancorp's dividend payout ratio is 30.58%.

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.