Gardner Lewis Asset Management L P Buys New Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Gardner Lewis Asset Management L P purchased a new position in Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the 4th quarter, HoldingsChannel reports. The fund purchased 38,473 shares of the savings and loans company’s stock, valued at approximately $1,521,000.

Other large investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its stake in Enterprise Bancorp by 36.6% in the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after acquiring an additional 237 shares during the last quarter. SG Americas Securities LLC lifted 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 worth $175,000 after purchasing an additional 948 shares during the last quarter. Harbor Group Inc. acquired a new position in shares of Enterprise Bancorp during the fourth quarter worth $203,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Enterprise Bancorp in the third quarter valued at $223,000. Finally, Raymond James Financial Inc. acquired a new stake in Enterprise Bancorp in the fourth quarter valued at $278,000. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Enterprise Bancorp in a research report on Tuesday. They set a “hold” rating for the company.

Enterprise Bancorp Trading Up 0.1 %

Shares of Enterprise Bancorp stock opened at $40.00 on Friday. The company has a fifty day simple moving average of $41.55 and a 200-day simple moving average of $37.69. Enterprise Bancorp, Inc. has a 12-month low of $22.60 and a 12-month high of $44.41. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $498.36 million, a price-to-earnings ratio of 12.82 and a beta of 0.49.

Enterprise Bancorp (NASDAQ:EBTC) last announced its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s payout ratio is 32.05%.

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.