Enterprise Bancorp, Inc. (NASDAQ:EBTC) Stake Lessened by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC decreased its holdings in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 837 shares of the savings and loans company’s stock after selling 812 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Enterprise Bancorp were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EBTC. SG Americas Securities LLC acquired a new stake in Enterprise Bancorp during the 3rd quarter worth about $121,000. Private Advisor Group LLC acquired a new stake in shares of Enterprise Bancorp during the fourth quarter worth approximately $212,000. Barclays PLC grew its position in Enterprise Bancorp by 33.2% during the third quarter. Barclays PLC now owns 8,201 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Enterprise Bancorp by 42.7% in the 4th quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock valued at $354,000 after buying an additional 3,284 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in Enterprise Bancorp by 15.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock worth $479,000 after buying an additional 2,000 shares in the last quarter. 38.93% of the stock is owned by institutional investors and hedge funds.

Enterprise Bancorp Stock Up 2.5 %

Shares of NASDAQ:EBTC traded up $0.61 during trading on Friday, reaching $25.32. 43,071 shares of the company traded hands, compared to its average volume of 22,591. Enterprise Bancorp, Inc. has a 1-year low of $23.01 and a 1-year high of $34.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market cap of $310.93 million, a P/E ratio of 8.70 and a beta of 0.60. The firm has a fifty day simple moving average of $25.19 and a 200 day simple moving average of $27.36.

Enterprise Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.96 dividend on an annualized basis and a yield of 3.79%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 32.99%.

Insiders Place Their Bets

In other news, Director Michael T. Putziger purchased 1,755 shares of Enterprise Bancorp stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $27.46 per share, for a total transaction of $48,192.30. Following the acquisition, the director now directly owns 206,075 shares in the company, valued at $5,658,819.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.69% of the company’s stock.

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.