Enterprise Bancorp Inc (NASDAQ:EBTC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Enterprise Bancorp Inc (NASDAQ:EBTC) by 3,483.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,927 shares of the savings and loans company’s stock after buying an additional 9,650 shares during the period. GAMMA Investing LLC owned 0.08% of Enterprise Bancorp worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EBTC. Vanguard Group Inc. raised its holdings in Enterprise Bancorp by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock worth $19,470,000 after purchasing an additional 8,238 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Enterprise Bancorp by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock worth $14,873,000 after buying an additional 9,203 shares in the last quarter. Banc Funds Co. LLC lifted its holdings 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 buying an additional 6,154 shares during the period. Ategra Capital Management LLC boosted its stake in Enterprise Bancorp by 44.2% during 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 buying an additional 30,802 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Enterprise Bancorp by 2.6% during the fourth quarter. Northern Trust Corp now owns 93,614 shares of the savings and loans company’s stock worth $3,701,000 after acquiring an additional 2,353 shares during the period. Institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Price Performance

EBTC opened at $38.69 on Friday. The stock has a fifty day moving average of $38.28 and a 200-day moving average of $39.58. The firm has a market capitalization of $484.01 million, a P/E ratio of 11.83 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40. Enterprise Bancorp Inc has a 12-month low of $22.60 and a 12-month high of $44.41.

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

Enterprise Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.