SG Americas Securities LLC Purchases 948 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

SG Americas Securities LLC raised its position in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 27.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,421 shares of the savings and loans company’s stock after purchasing an additional 948 shares during the period. SG Americas Securities LLC’s holdings in Enterprise Bancorp were worth $175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Enterprise Bancorp in the third quarter valued at about $2,043,000. Assenagon Asset Management S.A. boosted its holdings in Enterprise Bancorp by 102.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock valued at $2,096,000 after purchasing an additional 33,153 shares during the period. Siena Capital Partners GP LLC boosted its holdings in Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after purchasing an additional 13,222 shares during the period. JPMorgan Chase & Co. grew its position in shares of Enterprise Bancorp by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after purchasing an additional 13,084 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Enterprise Bancorp by 69.6% during the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after purchasing an additional 9,373 shares during the period. Institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Stock Down 1.4 %

Shares of NASDAQ EBTC opened at $43.77 on Monday. The stock has a market capitalization of $544.02 million, a P/E ratio of 14.03 and a beta of 0.54. The stock’s fifty day moving average is $40.55 and its 200 day moving average is $34.87. Enterprise Bancorp, Inc. has a 52 week low of $22.60 and a 52 week high of $44.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research report on Wednesday, February 5th. They set a “hold” rating on the stock.

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.