28,099 Shares in Enterprise Bancorp, Inc. (NASDAQ:EBTC) Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,099 shares of the savings and loans company’s stock, valued at approximately $1,114,000.

Several other large investors have also made changes to their positions in EBTC. Wellington Management Group LLP acquired a new position in shares of Enterprise Bancorp in the 3rd quarter valued at about $2,043,000. ABC Arbitrage SA purchased a new position in Enterprise Bancorp during the fourth quarter valued at approximately $2,342,000. Spinnaker Trust acquired a new position in Enterprise Bancorp in the fourth quarter valued at approximately $1,689,000. Siena Capital Partners GP LLC boosted its position in Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after purchasing an additional 13,222 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Enterprise Bancorp by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after purchasing an additional 13,084 shares during the period. 38.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a research note on Monday. They issued a “hold” rating for the company.

Enterprise Bancorp Stock Up 0.8 %

Shares of EBTC opened at $39.84 on Tuesday. The firm has a market cap of $496.37 million, a P/E ratio of 12.77 and a beta of 0.49. Enterprise Bancorp, Inc. has a 12 month low of $22.60 and a 12 month high of $44.41. The stock’s 50 day moving average is $41.39 and its two-hundred day moving average is $37.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is 32.05%.

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.