Bank of New York Mellon Corp lifted its position in Enterprise Bancorp, Inc (NASDAQ:EBTC) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,910 shares of the savings and loans company’s stock after buying an additional 1,830 shares during the quarter. Bank of New York Mellon Corp owned about 0.37% of Enterprise Bancorp worth $1,558,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EBTC. Vanguard Group Inc. boosted its position in Enterprise Bancorp by 0.7% during the second quarter. Vanguard Group Inc. now owns 303,306 shares of the savings and loans company’s stock worth $10,779,000 after purchasing an additional 2,073 shares during the period. State Street Corp boosted its position in Enterprise Bancorp by 9.4% during the second quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock worth $5,451,000 after purchasing an additional 13,123 shares during the period. Dimensional Fund Advisors LP boosted its position in Enterprise Bancorp by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 146,180 shares of the savings and loans company’s stock worth $5,195,000 after purchasing an additional 7,365 shares during the period. Northern Trust Corp boosted its position in Enterprise Bancorp by 11.7% during the second quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock worth $3,747,000 after purchasing an additional 11,070 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Enterprise Bancorp during the second quarter worth approximately $1,198,000. 19.80% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Stephen J. Irish sold 1,188 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman George L. Duncan sold 10,229 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $34.39, for a total value of $351,775.31. Following the transaction, the chairman now owns 390,228 shares of the company’s stock, valued at $13,419,940.92. The disclosure for this sale can be found here. Insiders have sold 24,373 shares of company stock valued at $858,793 in the last ninety days. Company insiders own 19.68% of the company’s stock.
Shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) opened at $33.99 on Wednesday. The stock has a market capitalization of $393.85, a P/E ratio of 18.27 and a beta of 0.95. 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 12-month low of $29.02 and a 12-month high of $38.25.
Enterprise Bancorp (NASDAQ:EBTC) last announced its earnings results 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 return on equity of 9.67% and a net margin of 18.64%.
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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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