Dimensional Fund Advisors LP Grows Stock Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Dimensional Fund Advisors LP increased its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 353,592 shares of the savings and loans company’s stock after buying an additional 8,216 shares during the period. Dimensional Fund Advisors LP’s holdings in Enterprise Bancorp were worth $8,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EBTC. Rhumbline Advisers boosted its position in shares of Enterprise Bancorp by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock worth $375,000 after buying an additional 406 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Enterprise Bancorp by 59.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,454 shares of the savings and loans company’s stock valued at $453,000 after purchasing an additional 6,482 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Enterprise Bancorp in the 1st quarter valued at about $526,000. Assenagon Asset Management S.A. purchased a new position in Enterprise Bancorp in the 2nd quarter valued at about $807,000. Finally, Bank of New York Mellon Corp lifted its holdings in Enterprise Bancorp by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company’s stock valued at $971,000 after purchasing an additional 4,824 shares in the last quarter. 38.93% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $31.27 on Tuesday. The firm has a market cap of $386.97 million, a price-to-earnings ratio of 10.75 and a beta of 0.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average is $29.89 and its two-hundred day moving average is $26.69. Enterprise Bancorp, Inc. has a 12-month low of $22.60 and a 12-month high of $34.10.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $41.79 million for the quarter. Enterprise Bancorp had a net margin of 14.99% and a return on equity of 10.94%.

Enterprise Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.96 annualized dividend and a dividend yield of 3.07%. Enterprise Bancorp’s payout ratio is currently 32.99%.

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.