Wellington Management Group LLP Trims Stock Holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Wellington Management Group LLP cut its position in Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 63.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,333 shares of the savings and loans company's stock after selling 40,590 shares during the period. Wellington Management Group LLP owned approximately 0.19% of Enterprise Bancorp worth $923,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EBTC. SG Americas Securities LLC increased its position in shares of Enterprise Bancorp by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after acquiring an additional 948 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Enterprise Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 60,917 shares of the savings and loans company's stock worth $2,409,000 after purchasing an additional 2,910 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Enterprise Bancorp in the 4th quarter worth $2,342,000. Rhumbline Advisers raised its stake in shares of Enterprise Bancorp by 10.0% in the fourth quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company's stock worth $633,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Spinnaker Trust purchased a new stake in shares of Enterprise Bancorp during the fourth quarter valued at $1,689,000. 38.93% of the stock is owned by hedge funds and other institutional investors.

Enterprise Bancorp Stock Performance

EBTC traded up $0.51 during mid-day trading on Tuesday, reaching $41.05. 20,520 shares of the company traded hands, compared to its average volume of 29,366. The company's fifty day moving average price is $37.64 and its 200-day moving average price is $39.47. The stock has a market capitalization of $513.45 million, a P/E ratio of 13.16 and a beta of 0.75. 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 52-week low of $22.60 and a 52-week high of $44.41.

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

Enterprise Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, May 12th. Enterprise Bancorp's payout ratio is currently 30.58%.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Enterprise Bancorp in a report on Tuesday, May 20th. They set 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.