Banc Funds Co. LLC Boosts Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Banc Funds Co. LLC increased its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 5.0% in the third quarter, HoldingsChannel.com reports. The fund owned 106,004 shares of the savings and loans company’s stock after acquiring an additional 5,000 shares during the period. Banc Funds Co. LLC’s holdings in Enterprise Bancorp were worth $3,388,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Enterprise Bancorp by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock worth $11,807,000 after purchasing an additional 19,918 shares during the period. Assenagon Asset Management S.A. bought a new position in Enterprise Bancorp in the second quarter worth about $807,000. Bank of New York Mellon Corp lifted its holdings in Enterprise Bancorp by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company’s stock worth $971,000 after buying an additional 4,824 shares during the period. Rhumbline Advisers boosted its position in Enterprise Bancorp by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after acquiring an additional 406 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Enterprise Bancorp by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock worth $1,387,000 after acquiring an additional 14,563 shares during the period. Institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Stock Up 1.5 %

Shares of NASDAQ:EBTC opened at $36.99 on Monday. The firm has a market capitalization of $459.79 million, a P/E ratio of 12.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $33.81 and a 200-day moving average price of $29.31. Enterprise Bancorp, Inc. has a 52-week low of $22.60 and a 52-week high of $39.37.

Enterprise Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is currently 33.10%.

Enterprise Bancorp Company 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.