Enterprise Bancorp, Inc. (NASDAQ:EBTC) Shares Bought by Siena Capital Partners GP LLC

Siena Capital Partners GP LLC boosted its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,253 shares of the savings and loans company’s stock after buying an additional 15,051 shares during the quarter. Enterprise Bancorp accounts for approximately 1.1% of Siena Capital Partners GP LLC’s investment portfolio, making the stock its 27th largest position. Siena Capital Partners GP LLC’s holdings in Enterprise Bancorp were worth $3,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EBTC. BNP Paribas Arbitrage SA boosted its stake in Enterprise Bancorp by 86.5% during the first quarter. BNP Paribas Arbitrage SA now owns 4,242 shares of the savings and loans company’s stock valued at $138,000 after buying an additional 1,967 shares in the last quarter. Deutsche Bank AG boosted its stake in Enterprise Bancorp by 6.8% during the second quarter. Deutsche Bank AG now owns 5,504 shares of the savings and loans company’s stock valued at $180,000 after buying an additional 349 shares in the last quarter. Martingale Asset Management L P bought a new position in Enterprise Bancorp during the first quarter valued at about $228,000. Royal Bank of Canada boosted its stake in Enterprise Bancorp by 23.8% during the first quarter. Royal Bank of Canada now owns 8,243 shares of the savings and loans company’s stock valued at $269,000 after buying an additional 1,587 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Enterprise Bancorp by 80.2% in the 1st quarter. Barclays PLC now owns 11,042 shares of the savings and loans company’s stock valued at $359,000 after purchasing an additional 4,916 shares during the period. 24.22% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:EBTC traded down $0.26 during midday trading on Monday, reaching $32.65. The company had a trading volume of 25 shares, compared to its average volume of 14,425. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 0.91. Enterprise Bancorp, Inc. has a 1-year low of $19.81 and a 1-year high of $36.78. The firm has a market cap of $392.00 million, a price-to-earnings ratio of 9.48 and a beta of 0.50. The company has a fifty day simple moving average of $33.38 and a two-hundred day simple moving average of $33.59.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Thursday, July 22nd. The savings and loans company reported $0.92 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 12.55% and a net margin of 25.08%. The business had revenue of $40.04 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, August 11th were given a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, August 10th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.27%.

In related news, Director Michael T. Putziger purchased 820 shares of the firm’s stock in a transaction that occurred on Wednesday, September 8th. The stock was acquired at an average price of $33.31 per share, for a total transaction of $27,314.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 16.81% of the company’s stock.

Enterprise Bancorp Company Profile

Enterprise Bancorp, Inc is a bank holding company, which engages in the provision of financial services through its subsidiary, Enterprise Bank. It offers personal and business banking which comprises of business and personal checking accounts; personal and business savings account; mortgages loans; personal loans; and cash management solutions.

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Institutional Ownership by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

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