Rhumbline Advisers Has $402,000 Holdings in Enterprise Bancorp, Inc (NASDAQ:EBTC)

Rhumbline Advisers raised its stake in shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 14,008 shares of the savings and loans company’s stock after buying an additional 375 shares during the period. Rhumbline Advisers’ holdings in Enterprise Bancorp were worth $402,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in Enterprise Bancorp by 605.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,017 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 1,731 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Enterprise Bancorp by 403.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,206 shares of the savings and loans company’s stock worth $103,000 after purchasing an additional 2,569 shares in the last quarter. SG Americas Securities LLC bought a new stake in Enterprise Bancorp during the first quarter worth approximately $222,000. Bank of America Corp DE increased its holdings in shares of Enterprise Bancorp by 80.8% in the fourth quarter. Bank of America Corp DE now owns 8,320 shares of the savings and loans company’s stock valued at $268,000 after buying an additional 3,718 shares in the last quarter. Finally, Context BH Capital Management LP increased its holdings in shares of Enterprise Bancorp by 1.2% in the fourth quarter. Context BH Capital Management LP now owns 33,318 shares of the savings and loans company’s stock valued at $1,072,000 after buying an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 27.06% of the company’s stock.

Separately, BidaskClub cut Enterprise Bancorp from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

NASDAQ EBTC opened at $28.64 on Thursday. The firm has a market capitalization of $341.23 million, a price-to-earnings ratio of 11.08 and a beta of 0.81. Enterprise Bancorp, Inc has a 1 year low of $26.96 and a 1 year high of $44.04. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings results on Thursday, April 18th. The savings and loans company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $31.92 million for the quarter. Enterprise Bancorp had a return on equity of 12.29% and a net margin of 22.05%.

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.23%.

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Enterprise Bancorp Company Profile

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.

Further Reading: Cost of Capital

Want to see what other hedge funds are holding EBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Bancorp, Inc (NASDAQ:EBTC).

Institutional Ownership by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

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