Enterprise Bancorp Inc (EBTC) Holdings Raised by Northern Trust Corp
Northern Trust Corp raised its holdings in Enterprise Bancorp Inc (NASDAQ:EBTC) by 11.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,419 shares of the savings and loans company’s stock after acquiring an additional 11,070 shares during the quarter. Northern Trust Corp owned 0.92% of Enterprise Bancorp worth $3,747,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in EBTC. First Trust Advisors LP acquired a new stake in Enterprise Bancorp in the second quarter valued at $644,000. Bank of New York Mellon Corp lifted its holdings 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 valued at $1,460,000 after acquiring an additional 2,272 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Enterprise Bancorp in the second quarter valued at $406,000. Wells Fargo & Company MN lifted its holdings 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 valued at $226,000 after acquiring an additional 150 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in Enterprise Bancorp in the second quarter valued at $213,000. 19.85% of the stock is owned by institutional investors.
Enterprise Bancorp Inc (EBTC) opened at $35.94 on Wednesday. Enterprise Bancorp Inc has a 52-week low of $29.02 and a 52-week high of $39.25. The firm has a market capitalization of $410.09, a price-to-earnings ratio of 19.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results 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 business had revenue of $28.58 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, November 9th. Enterprise Bancorp’s dividend payout ratio is currently 29.03%.
Separately, BidaskClub downgraded Enterprise Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
In other news, EVP Stephen J. Irish sold 1,188 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 9,912 shares in the company, valued at $356,832. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ken S. Ansin sold 2,300 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were 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. In the last 90 days, insiders sold 3,675 shares of company stock valued at $126,414. Company 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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