Alliancebernstein L.P. Takes $213,000 Position in Enterprise Bancorp Inc (EBTC)
Alliancebernstein L.P. bought a new position in Enterprise Bancorp Inc (NASDAQ:EBTC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the savings and loans company’s stock, valued at approximately $213,000. Alliancebernstein L.P. owned about 0.05% of Enterprise Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Enterprise Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock worth $226,000 after purchasing an additional 150 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Enterprise Bancorp in the second quarter worth about $406,000. Bank of New York Mellon Corp boosted its position in Enterprise Bancorp by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 41,080 shares of the savings and loans company’s stock worth $1,460,000 after purchasing an additional 2,272 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Enterprise Bancorp in the second quarter worth about $644,000. 19.76% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Bancorp Inc (NASDAQ:EBTC) opened at $34.21 on Tuesday. Enterprise Bancorp Inc has a 12-month low of $29.02 and a 12-month high of $39.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $394.44, a PE ratio of 18.28 and a beta of 0.96.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 9.67% and a net margin of 18.64%. The firm had revenue of $28.58 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.58%. Enterprise Bancorp’s payout ratio is currently 29.03%.
In related news, EVP Stephen J. Irish sold 1,188 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $36.00, for a total value of $42,768.00. Following the transaction, the executive vice president now directly owns 9,912 shares of the company’s stock, valued at approximately $356,832. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ken S. Ansin sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total value of $76,820.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,675 shares of company stock worth $126,414. 19.68% of the stock is owned by insiders.
Separately, BidaskClub cut Enterprise Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
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About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company (the Bank). The Company is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders.
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