JPMorgan Chase & Co. Raises Stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

JPMorgan Chase & Co. lifted its position in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 124.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,554 shares of the savings and loans company’s stock after purchasing an additional 25,792 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Enterprise Bancorp worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EBTC. Picton Mahoney Asset Management increased its stake in Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after buying an additional 237 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Enterprise Bancorp by 27.3% during the fourth 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 in the last quarter. Harbor Group Inc. bought a new stake in Enterprise Bancorp during the 4th quarter valued at approximately $203,000. Raymond James Financial Inc. purchased a new position in Enterprise Bancorp in the 4th quarter worth approximately $278,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Enterprise Bancorp by 79.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,476 shares of the savings and loans company’s stock worth $493,000 after purchasing an additional 5,508 shares during the period. 38.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a research report on Friday, April 18th. They set a “hold” rating on the stock.

Enterprise Bancorp Stock Performance

Shares of NASDAQ EBTC opened at $36.64 on Friday. The company has a market cap of $456.50 million, a P/E ratio of 11.74 and a beta of 0.56. Enterprise Bancorp, Inc. has a 52-week low of $22.60 and a 52-week high of $44.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s fifty day moving average is $38.55 and its two-hundred day moving average is $38.31.

Enterprise Bancorp (NASDAQ:EBTC) last posted its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 EPS for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%. The company had revenue of $43.88 million for the quarter.

Enterprise Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.73%. Enterprise Bancorp’s dividend payout ratio (DPR) is 30.58%.

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.