JPMorgan Chase & Co. Has $1.84 Million Stock Holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

JPMorgan Chase & Co. lifted its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Free Report) by 124.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,554 shares of the savings and loans company's stock after acquiring an additional 25,792 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Enterprise Bancorp worth $1,841,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EBTC. State Street Corp increased its stake in Enterprise Bancorp by 1.7% during the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company's stock valued at $6,398,000 after purchasing an additional 3,257 shares during the last quarter. Barclays PLC grew its position in shares of Enterprise Bancorp by 69.6% during the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company's stock valued at $729,000 after buying an additional 9,373 shares during the last quarter. Geode Capital Management LLC raised its stake in Enterprise Bancorp by 3.9% during the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company's stock worth $7,467,000 after acquiring an additional 8,703 shares during the period. Harbor Group Inc. bought a new position in Enterprise Bancorp in the fourth quarter worth about $203,000. Finally, SG Americas Securities LLC boosted its stake in Enterprise Bancorp by 27.3% in 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 during the period. 38.93% of the stock is currently owned by institutional investors.

Enterprise Bancorp Price Performance

EBTC stock traded down $0.13 during trading on Wednesday, hitting $37.20. The company had a trading volume of 28,647 shares, compared to its average volume of 28,595. Enterprise Bancorp, Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The firm has a market capitalization of $463.47 million, a price-to-earnings ratio of 11.92 and a beta of 0.56. The business has a 50 day moving average of $38.05 and a 200 day moving average of $38.46. 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 (NASDAQ:EBTC - Get Free Report) last announced its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share 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 during the quarter.

Enterprise Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.69%. Enterprise Bancorp's payout ratio is currently 30.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Enterprise Bancorp in a research note on Saturday. 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.