Carl P. Sherr & Co. LLC Has $926,000 Stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Carl P. Sherr & Co. LLC decreased its holdings in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 5.1% in the 4th quarter, Holdings Channel reports. The fund owned 28,709 shares of the savings and loans company’s stock after selling 1,541 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Enterprise Bancorp were worth $926,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EBTC. Pallas Capital Advisors LLC increased its stake in shares of Enterprise Bancorp by 15.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock valued at $479,000 after buying an additional 2,000 shares during the period. SG Americas Securities LLC increased its stake in shares of Enterprise Bancorp by 18.9% in the fourth quarter. SG Americas Securities LLC now owns 5,256 shares of the savings and loans company’s stock valued at $170,000 after buying an additional 835 shares during the period. Vanguard Group Inc. increased its stake in shares of Enterprise Bancorp by 1.3% in the third quarter. Vanguard Group Inc. now owns 425,282 shares of the savings and loans company’s stock valued at $11,644,000 after buying an additional 5,460 shares during the period. American Century Companies Inc. increased its stake in shares of Enterprise Bancorp by 5.9% in the third quarter. American Century Companies Inc. now owns 25,521 shares of the savings and loans company’s stock valued at $699,000 after buying an additional 1,427 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Enterprise Bancorp by 37.8% in the third quarter. Deutsche Bank AG now owns 6,891 shares of the savings and loans company’s stock valued at $189,000 after buying an additional 1,892 shares during the period. Institutional investors and hedge funds own 38.93% of the company’s stock.

Insider Buying and Selling at Enterprise Bancorp

In other news, Director Michael T. Putziger bought 1,755 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $27.46 per share, with a total value of $48,192.30. Following the transaction, the director now owns 206,075 shares of the company’s stock, valued at approximately $5,658,819.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 21.69% of the company’s stock.

Enterprise Bancorp Trading Up 1.3 %

Shares of Enterprise Bancorp stock traded up $0.31 on Wednesday, hitting $23.77. The stock had a trading volume of 1,452 shares, compared to its average volume of 24,962. The stock has a 50 day moving average of $25.94 and a 200 day moving average of $27.63. Enterprise Bancorp, Inc. has a twelve month low of $23.01 and a twelve month high of $34.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $291.90 million, a P/E ratio of 7.57 and a beta of 0.61.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results on Thursday, January 25th. The savings and loans company reported $0.64 earnings per share for the quarter. The business had revenue of $42.07 million during the quarter. Enterprise Bancorp had a net margin of 17.41% and a return on equity of 12.20%.

About Enterprise Bancorp

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.