Assenagon Asset Management S.A. Sells 25,672 Shares of Enterprise Bancorp Inc (NASDAQ:EBTC)

Assenagon Asset Management S.A. lowered its stake in shares of Enterprise Bancorp Inc (NASDAQ:EBTC) by 79.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,660 shares of the savings and loans company’s stock after selling 25,672 shares during the period. Assenagon Asset Management S.A. owned 0.05% of Enterprise Bancorp worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management raised its position in shares of Enterprise Bancorp by 36.6% during the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after buying an additional 237 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Enterprise Bancorp by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock valued at $225,000 after buying an additional 301 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Enterprise Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock valued at $230,000 after purchasing an additional 1,267 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Enterprise Bancorp in the fourth quarter valued at $278,000. Finally, Deutsche Bank AG grew its holdings in shares of Enterprise Bancorp by 319.1% in the fourth quarter. Deutsche Bank AG now owns 7,397 shares of the savings and loans company’s stock valued at $292,000 after purchasing an additional 5,632 shares in the last quarter. Institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Trading Up 0.5%

EBTC stock opened at $38.69 on Friday. The firm has a fifty day moving average price of $38.28 and a 200 day moving average price of $39.58. 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 0.40, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $484.01 million, a PE ratio of 11.83 and a beta of 0.75.

Enterprise Bancorp (NASDAQ:EBTC) last posted its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share for the quarter. Enterprise Bancorp had a net margin of 15.74% and a return on equity of 11.18%. The firm had revenue of $43.88 million during the quarter.

Enterprise Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, May 12th. Enterprise Bancorp’s payout ratio is 30.58%.

Analyst Ratings Changes

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

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.