ABC Arbitrage SA Makes New $2.34 Million Investment in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

ABC Arbitrage SA purchased a new position in Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,227 shares of the savings and loans company’s stock, valued at approximately $2,342,000. ABC Arbitrage SA owned approximately 0.48% of Enterprise Bancorp at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EBTC. SG Americas Securities LLC bought a new stake in shares of Enterprise Bancorp in the third quarter worth about $111,000. Private Advisor Group LLC bought a new stake in shares of Enterprise Bancorp in the third quarter worth about $212,000. Assenagon Asset Management S.A. increased its holdings in shares of Enterprise Bancorp by 102.2% in the third quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after acquiring an additional 33,153 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Enterprise Bancorp by 5.4% during the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock worth $1,854,000 after buying an additional 2,948 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enterprise Bancorp during the third quarter worth about $223,000. 38.93% of the stock is currently owned by institutional investors.

Enterprise Bancorp Stock Up 0.1 %

NASDAQ:EBTC opened at $43.05 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $535.11 million, a PE ratio of 13.80 and a beta of 0.54. Enterprise Bancorp, Inc. has a 52-week low of $22.60 and a 52-week high of $44.41. The stock has a 50-day simple moving average of $41.21 and a 200 day simple moving average of $35.27.

Enterprise Bancorp (NASDAQ:EBTC) last posted 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 return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.32%. Enterprise Bancorp’s dividend payout ratio is 30.77%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a report on Thursday. They set a “hold” rating for the company.

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.