3,473 Shares in Enterprise Bancorp, Inc. (NASDAQ:EBTC) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the third quarter, Holdings Channel reports. The fund acquired 3,473 shares of the savings and loans company’s stock, valued at approximately $111,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new stake in shares of Enterprise Bancorp in the 2nd quarter worth $807,000. Quadrature Capital Ltd purchased a new position in Enterprise Bancorp in the first quarter valued at about $526,000. Vanguard Group Inc. grew its stake in Enterprise Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock valued at $11,807,000 after purchasing an additional 19,918 shares in the last quarter. American Century Companies Inc. grew its stake in Enterprise Bancorp by 35.4% in the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after purchasing an additional 14,563 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Enterprise Bancorp by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after purchasing an additional 8,216 shares in the last quarter. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Stock Performance

Shares of NASDAQ EBTC opened at $31.19 on Friday. The business’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $27.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp, Inc. has a one year low of $22.60 and a one year high of $34.10. The company has a market capitalization of $385.98 million, a P/E ratio of 10.72 and a beta of 0.53.

Enterprise Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.96 annualized dividend and a dividend yield of 3.08%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 32.99%.

Enterprise Bancorp Company Profile

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.