IFP Advisors Inc reduced its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC – Free Report) by 48.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the savings and loans company’s stock after selling 9,522 shares during the period. IFP Advisors Inc owned 0.08% of Enterprise Bancorp worth $408,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of EBTC. BHZ Capital Management LP lifted its holdings in shares of Enterprise Bancorp by 0.5% during the 4th quarter. BHZ Capital Management LP now owns 65,554 shares of the savings and loans company’s stock worth $2,314,000 after acquiring an additional 307 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Enterprise Bancorp by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,411 shares of the savings and loans company’s stock valued at $897,000 after buying an additional 502 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Enterprise Bancorp by 25.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,610 shares of the savings and loans company’s stock valued at $84,000 after buying an additional 529 shares during the period. First Trust Advisors LP raised its holdings in Enterprise Bancorp by 9.8% in the first quarter. First Trust Advisors LP now owns 6,127 shares of the savings and loans company’s stock valued at $246,000 after buying an additional 546 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Enterprise Bancorp by 202.1% in the third quarter. Tower Research Capital LLC TRC now owns 870 shares of the savings and loans company’s stock valued at $26,000 after buying an additional 582 shares during the period. 28.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a report on Thursday, May 18th. They issued a “hold” rating on the stock.
Enterprise Bancorp Trading Up 0.9 %
NASDAQ EBTC opened at $29.21 on Wednesday. Enterprise Bancorp, Inc. has a one year low of $26.27 and a one year high of $37.23. The company’s 50 day moving average price is $28.69 and its 200 day moving average price is $32.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $356.95 million, a price-to-earnings ratio of 8.25 and a beta of 0.54.
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 net margin of 22.75% and a return on equity of 15.01%. The company had revenue of $44.73 million during the quarter.
Enterprise Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, May 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is 25.99%.
Insider Buying and Selling at Enterprise Bancorp
In related news, Director Gino J. Baroni purchased 1,090 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $27.67 per share, with a total value of $30,160.30. Following the completion of the transaction, the director now owns 15,781 shares of the company’s stock, valued at $436,660.27. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Gino J. Baroni purchased 1,090 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $27.67 per share, with a total value of $30,160.30. Following the completion of the transaction, the director now owns 15,781 shares of the company’s stock, valued at $436,660.27. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ken S. Ansin purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were bought at an average cost of $26.37 per share, with a total value of $52,740.00. Following the transaction, the director now directly owns 10,051 shares of the company’s stock, valued at approximately $265,044.87. The disclosure for this purchase can be found here. Insiders bought 4,735 shares of company stock valued at $128,072 over the last 90 days. 15.69% of the stock is owned by corporate insiders.
About Enterprise Bancorp
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enterprise Bancorp, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Enterprise Bancorp wasn’t on the list.
While Enterprise Bancorp currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Do you expect the global demand for energy to shrink?! If not, it’s time to take a look at how energy stocks can play a part in your portfolio.
