New York State Common Retirement Fund Sells 1 Shares of Enterprise Bancorp Inc (EBTC)
New York State Common Retirement Fund decreased its holdings in shares of Enterprise Bancorp Inc (NASDAQ:EBTC) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,000 shares of the savings and loans company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of Enterprise Bancorp worth $391,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teachers Advisors LLC boosted its holdings in Enterprise Bancorp by 20.4% during the second quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock worth $598,000 after purchasing an additional 2,849 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Enterprise Bancorp during the second quarter worth $213,000. Wells Fargo & Company MN boosted its holdings in Enterprise Bancorp by 2.4% during 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. bought a new stake in Enterprise Bancorp during the second quarter worth $406,000. Finally, Bank of New York Mellon Corp raised its position in Enterprise Bancorp by 5.9% during 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 acquiring an additional 2,272 shares in the last quarter. Institutional investors and hedge funds own 19.76% of the company’s stock.
Shares of Enterprise Bancorp Inc (EBTC) opened at $34.39 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Enterprise Bancorp Inc has a 1 year low of $29.02 and a 1 year high of $39.25. The stock has a market cap of $397.22, a price-to-earnings ratio of 18.41 and a beta of 0.96.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%. The firm had revenue of $28.58 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 9th. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 29.03%.
Separately, BidaskClub lowered shares of Enterprise Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.
In other news, Director Ken S. Ansin sold 2,300 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $33.40, for a total value of $76,820.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen J. Irish sold 1,188 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $36.00, for a total transaction of $42,768.00. Following the completion of the transaction, the executive vice president now directly owns 9,912 shares in the company, valued at $356,832. The disclosure for this sale can be found here. Insiders have sold 3,675 shares of company stock worth $126,414 over the last ninety days. Insiders own 19.68% of the company’s stock.
Enterprise Bancorp Company Profile
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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