Proficio Capital Partners LLC raised its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC – Free Report) by 3,046.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,982 shares of the savings and loans company’s stock after purchasing an additional 387,268 shares during the quarter. Proficio Capital Partners LLC owned 3.29% of Enterprise Bancorp worth $400,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in EBTC. MetLife Investment Management LLC boosted its stake in shares of Enterprise Bancorp by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 5,265 shares of the savings and loans company’s stock worth $211,000 after acquiring an additional 1,911 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Enterprise Bancorp by 3.5% during the 1st quarter. Panagora Asset Management Inc. now owns 33,034 shares of the savings and loans company’s stock worth $1,325,000 after acquiring an additional 1,103 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Enterprise Bancorp by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 262,813 shares of the savings and loans company’s stock worth $10,543,000 after acquiring an additional 4,823 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Enterprise Bancorp by 9.8% during the 1st quarter. First Trust Advisors LP now owns 6,127 shares of the savings and loans company’s stock worth $246,000 after acquiring an additional 546 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Enterprise Bancorp during the 1st quarter worth approximately $335,000. Hedge funds and other institutional investors own 28.04% of the company’s stock.
Enterprise Bancorp Price Performance
Shares of NASDAQ:EBTC opened at $29.39 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. Enterprise Bancorp, Inc. has a 12 month low of $26.27 and a 12 month high of $37.23. The firm has a market capitalization of $359.15 million, a price-to-earnings ratio of 8.30 and a beta of 0.52. The business’s 50 day simple moving average is $28.67 and its 200-day simple moving average is $32.22.
Enterprise Bancorp (NASDAQ:EBTC – Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 15.01% and a net margin of 22.75%. The firm had revenue of $44.73 million during the quarter.
Enterprise Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.92 annualized dividend and a dividend yield of 3.13%. Enterprise Bancorp’s dividend payout ratio is currently 25.99%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Enterprise Bancorp in a research note on Thursday, May 18th. They set a “hold” rating on the stock.
Insider Buying and Selling
In related news, Director Gino J. Baroni acquired 1,090 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $27.67 per share, for a total transaction of $30,160.30. Following the transaction, the director now directly owns 15,781 shares of the company’s stock, valued at approximately $436,660.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Enterprise Bancorp news, Director Gino J. Baroni purchased 1,090 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $27.67 per share, for a total transaction of $30,160.30. Following the acquisition, the director now owns 15,781 shares of the company’s stock, valued at approximately $436,660.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ken S. Ansin purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was acquired at an average price of $26.37 per share, with a total value of $52,740.00. Following the completion of the acquisition, the director now directly owns 10,051 shares in the company, valued at approximately $265,044.87. The disclosure for this purchase can be found here. Insiders purchased 4,735 shares of company stock worth $128,072 in the last ninety days. Insiders own 15.69% of the company’s stock.
Enterprise Bancorp Company Profile
Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company that provides 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.
Further Reading
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