Vanguard Group Inc. Raises Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Vanguard Group Inc. lifted its stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 454,647 shares of the savings and loans company’s stock after acquiring an additional 19,918 shares during the period. Vanguard Group Inc.’s holdings in Enterprise Bancorp were worth $11,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Enterprise Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 51,099 shares of the savings and loans company’s stock worth $1,327,000 after purchasing an additional 3,850 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Enterprise Bancorp by 59.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,454 shares of the savings and loans company’s stock valued at $453,000 after acquiring an additional 6,482 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Enterprise Bancorp by 2.2% in the 4th quarter. Panagora Asset Management Inc. now owns 35,961 shares of the savings and loans company’s stock valued at $1,160,000 after purchasing an additional 757 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Enterprise Bancorp during the fourth quarter valued at approximately $212,000. 38.93% of the stock is owned by institutional investors and hedge funds.

Enterprise Bancorp Stock Performance

Shares of EBTC opened at $26.95 on Wednesday. The stock has a market capitalization of $333.51 million, a PE ratio of 9.26 and a beta of 0.54. Enterprise Bancorp, Inc. has a 12-month low of $22.60 and a 12-month high of $34.10. The business’s fifty day moving average price is $25.54 and its 200 day moving average price is $25.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.91.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.77 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.11% and a net margin of 14.99%. The firm had revenue of $41.79 million for the quarter.

Enterprise Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.56%. Enterprise Bancorp’s dividend payout ratio is presently 32.99%.

Enterprise Bancorp 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.