SG Americas Securities LLC Purchases New Shares in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

SG Americas Securities LLC acquired a new position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,190 shares of the savings and loans company’s stock, valued at approximately $113,000.

A number of other institutional investors have also recently bought and sold shares of EBTC. Captrust Financial Advisors purchased a new stake in shares of Enterprise Bancorp during the 1st quarter worth about $19,516,000. Dimensional Fund Advisors LP increased its position in shares of Enterprise Bancorp by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 280,425 shares of the savings and loans company’s stock valued at $8,388,000 after purchasing an additional 6,508 shares during the period. State Street Corp grew its position in Enterprise Bancorp by 0.4% in the third quarter. State Street Corp now owns 186,290 shares of the savings and loans company’s stock valued at $5,572,000 after acquiring an additional 734 shares during the period. M3F Inc. grew its position in Enterprise Bancorp by 2.4% in the third quarter. M3F Inc. now owns 136,897 shares of the savings and loans company’s stock valued at $4,095,000 after acquiring an additional 3,173 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Enterprise Bancorp by 7.1% in the third quarter. Bank of New York Mellon Corp now owns 52,882 shares of the savings and loans company’s stock valued at $1,582,000 after acquiring an additional 3,520 shares during the period. 25.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Enterprise Bancorp in a research note on Thursday, March 16th. They set a “hold” rating on the stock.

Enterprise Bancorp Trading Down 1.5 %

Shares of EBTC opened at $27.10 on Wednesday. Enterprise Bancorp, Inc. has a 12-month low of $26.27 and a 12-month high of $37.23. The stock’s fifty day simple moving average is $30.16 and its 200-day simple moving average is $33.24. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $331.22 million, a PE ratio of 7.66 and a beta of 0.53.

Enterprise Bancorp (NASDAQ:EBTC – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $44.73 million during the quarter. Enterprise Bancorp had a return on equity of 15.44% and a net margin of 22.75%.

Enterprise Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $0.92 annualized dividend and a yield of 3.39%. Enterprise Bancorp’s dividend payout ratio is presently 25.99%.

Insider Buying and Selling at Enterprise Bancorp

In other news, Director Ken S. Ansin acquired 2,000 shares of Enterprise Bancorp stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $26.37 per share, for a total transaction of $52,740.00. Following the transaction, the director now directly owns 10,051 shares of the company’s stock, valued at approximately $265,044.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael T. Putziger purchased 1,258 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were acquired at an average cost of $35.58 per share, with a total value of $44,759.64. Following the purchase, the director now owns 197,449 shares in the company, valued at $7,025,235.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ken S. Ansin acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of $26.37 per share, with a total value of $52,740.00. Following the completion of the acquisition, the director now directly owns 10,051 shares in the company, valued at approximately $265,044.87. The disclosure for this purchase can be found here. Insiders own 15.69% of the company’s stock.

Enterprise Bancorp Profile

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Enterprise Bancorp, Inc is a bank holding company, which engages in the provision of financial services through its subsidiary, Enterprise Bank. It offers personal and business banking which consists of business and personal checking accounts, personal and business savings accounts, mortgages loans, personal loans, and cash management solutions.