Enterprise Bancorp, Inc. (NASDAQ:EBTC) Shares Bought by Citadel Advisors LLC

Citadel Advisors LLC raised its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,804 shares of the savings and loans company’s stock after purchasing an additional 2,367 shares during the period. Citadel Advisors LLC owned about 0.08% of Enterprise Bancorp worth $388,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Enterprise Bancorp by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock valued at $19,470,000 after acquiring an additional 8,238 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Enterprise Bancorp by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock valued at $14,873,000 after purchasing an additional 9,203 shares during the period. Banc Funds Co. LLC grew its position in shares of Enterprise Bancorp by 5.8% in the fourth quarter. Banc Funds Co. LLC now owns 112,158 shares of the savings and loans company’s stock valued at $4,435,000 after purchasing an additional 6,154 shares during the period. Ategra Capital Management LLC grew its position in shares of Enterprise Bancorp by 44.2% in the fourth quarter. Ategra Capital Management LLC now owns 100,463 shares of the savings and loans company’s stock valued at $3,972,000 after purchasing an additional 30,802 shares during the period. Finally, Northern Trust Corp grew its position in shares of Enterprise Bancorp by 2.6% in the fourth quarter. Northern Trust Corp now owns 93,614 shares of the savings and loans company’s stock valued at $3,701,000 after purchasing an additional 2,353 shares during the period. 38.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Enterprise Bancorp in a report on Tuesday, May 20th. They issued a “hold” rating on the stock.

Enterprise Bancorp Stock Performance

Shares of NASDAQ:EBTC opened at $38.88 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp, Inc. has a 1 year low of $22.60 and a 1 year high of $44.41. The firm has a market capitalization of $486.31 million, a PE ratio of 12.46 and a beta of 0.73. The business’s 50 day moving average price is $37.50 and its 200-day moving average price is $39.35.

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

Enterprise Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.57%. Enterprise Bancorp’s payout ratio is presently 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.