Raymond James Financial Services Advisors Inc. held its position in shares of Enterprise Bancorp Inc (NASDAQ:EBTC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,780 shares of the savings and loans company’s stock at the close of the second quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.16% of Enterprise Bancorp worth $667,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EBTC. Alliancebernstein L.P. bought a new position in Enterprise Bancorp in the 2nd quarter worth approximately $213,000. Wells Fargo & Company MN boosted its holdings in Enterprise Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock valued at $226,000 after purchasing an additional 150 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Enterprise Bancorp in the 2nd quarter valued at $406,000. Teachers Advisors LLC boosted its holdings in Enterprise Bancorp by 20.4% in the 2nd quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock valued at $598,000 after purchasing an additional 2,849 shares during the period. Finally, First Trust Advisors LP bought a new position in Enterprise Bancorp in the 2nd quarter valued at $644,000. 19.75% of the stock is owned by institutional investors.
In other news, Director Ken S. Ansin sold 2,300 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 19.68% of the company’s stock.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $28.58 million during the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.80%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.135 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.50%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 29.03%.
Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
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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