Dimensional Fund Advisors LP Boosts Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Dimensional Fund Advisors LP grew its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,137 shares of the savings and loans company’s stock after acquiring an additional 9,203 shares during the period. Dimensional Fund Advisors LP owned about 3.03% of Enterprise Bancorp worth $14,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EBTC. Picton Mahoney Asset Management boosted its holdings 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 valued at $35,000 after purchasing an additional 237 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock valued at $175,000 after buying an additional 948 shares during the period. Harbor Group Inc. purchased a new stake in shares of Enterprise Bancorp in the fourth quarter worth about $203,000. Wells Fargo & Company MN grew its holdings in Enterprise Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock worth $230,000 after acquiring an additional 1,267 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Enterprise Bancorp during the fourth quarter valued at approximately $278,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Stock Up 1.6 %

EBTC opened at $38.97 on Friday. The company has a fifty day moving average of $37.56 and a two-hundred day moving average of $38.70. The stock has a market capitalization of $485.48 million, a price-to-earnings ratio of 12.49 and a beta of 0.73. Enterprise Bancorp, Inc. has a fifty-two week low of $22.60 and a fifty-two 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.

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

Enterprise Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. Enterprise Bancorp’s dividend payout ratio (DPR) is 30.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Enterprise Bancorp in a research note on Sunday, May 4th. They set a “hold” rating on the stock.

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.