The Manufacturers Life Insurance Company Sells 517 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 273,044 shares of the savings and loans company’s stock after selling 517 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enterprise Bancorp were worth $8,726,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Siena Capital Partners GP LLC lifted its position in shares of Enterprise Bancorp by 9.7% during 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 acquiring an additional 13,222 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Bancorp during the third quarter valued at about $223,000. Empowered Funds LLC boosted its position in shares of Enterprise Bancorp by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock worth $1,854,000 after purchasing an additional 2,948 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of 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 buying an additional 33,153 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of Enterprise Bancorp in the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Stock Down 2.5 %

EBTC stock opened at $36.13 on Wednesday. The stock’s 50 day simple moving average is $33.90 and its 200 day simple moving average is $29.42. The company has a market cap of $449.10 million, a P/E ratio of 12.46 and a beta of 0.56. 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, Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $39.37.

Enterprise Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is currently 33.10%.

Enterprise Bancorp 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.