Millennium Management LLC bought a new position in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 22,026 shares of the savings and loans company's stock, valued at approximately $871,000. Millennium Management LLC owned about 0.18% of Enterprise Bancorp as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes 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. Martingale Asset Management L P increased its position in shares of Enterprise Bancorp by 3.3% during the 4th quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company's stock valued at $1,047,000 after purchasing an additional 850 shares during the last quarter. SG Americas Securities LLC increased its position in shares of 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 last quarter. Finally, 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. 38.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on Enterprise Bancorp in a research report on Tuesday, May 20th. They set a "hold" rating on the stock.
Check Out Our Latest Report on Enterprise Bancorp
Enterprise Bancorp Price Performance
EBTC opened at $40.00 on Friday. The stock's 50 day simple moving average is $37.51 and its 200 day simple moving average is $39.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp, Inc. has a 1 year low of $22.60 and a 1 year high of $44.41. The firm has a market cap of $500.32 million, a price-to-earnings ratio of 12.82 and a beta of 0.75.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%. The business had revenue of $43.88 million for the quarter.
Enterprise Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.25 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.50%. Enterprise Bancorp's dividend payout ratio is currently 30.58%.
Enterprise Bancorp Profile
(
Free Report)
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.
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