Carl P. Sherr & Co. LLC Sells 1,541 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Carl P. Sherr & Co. LLC decreased its position in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,709 shares of the savings and loans company’s stock after selling 1,541 shares during the quarter. Carl P. Sherr & Co. LLC owned 0.23% of Enterprise Bancorp worth $926,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MetLife Investment Management LLC grew its holdings in Enterprise Bancorp by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 5,265 shares of the savings and loans company’s stock worth $211,000 after acquiring an additional 1,911 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Enterprise Bancorp by 3.5% during the 1st quarter. Panagora Asset Management Inc. now owns 33,034 shares of the savings and loans company’s stock worth $1,325,000 after acquiring an additional 1,103 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Enterprise Bancorp by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 262,813 shares of the savings and loans company’s stock worth $10,543,000 after acquiring an additional 4,823 shares during the last quarter. First Trust Advisors LP grew its holdings in Enterprise Bancorp by 9.8% during the 1st quarter. First Trust Advisors LP now owns 6,127 shares of the savings and loans company’s stock worth $246,000 after acquiring an additional 546 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in Enterprise Bancorp during the 1st quarter worth about $335,000. Institutional investors own 38.93% of the company’s stock.

Insider Activity

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

Enterprise Bancorp Price Performance

NASDAQ:EBTC traded up $0.31 during mid-day trading on Wednesday, reaching $23.77. 1,452 shares of the company were exchanged, compared to its average volume of 24,962. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Enterprise Bancorp, Inc. has a 12 month low of $23.01 and a 12 month high of $34.10. The stock has a market cap of $291.90 million, a PE ratio of 7.57 and a beta of 0.61. The company has a fifty day moving average of $25.94 and a 200 day moving average of $27.63.

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

Enterprise Bancorp 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.