The Manufacturers Life Insurance Company Sells 517 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

The Manufacturers Life Insurance Company cut its stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273,044 shares of the savings and loans company’s stock after selling 517 shares during the period. The Manufacturers Life Insurance Company owned about 2.20% of Enterprise Bancorp worth $8,726,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Enterprise Bancorp during the second quarter worth about $807,000. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $971,000 after buying an additional 4,824 shares during the period. Rhumbline Advisers raised its holdings in Enterprise Bancorp by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after buying an additional 406 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in 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 buying an additional 14,563 shares during the period. 38.93% of the stock is currently owned by institutional investors.

Enterprise Bancorp Trading Down 2.5 %

Shares of NASDAQ EBTC opened at $36.13 on Wednesday. The firm has a 50 day moving average price of $33.90 and a two-hundred day moving average price of $29.42. The stock has a market cap of $449.10 million, a P/E ratio of 12.46 and a beta of 0.56. Enterprise Bancorp, Inc. has a 52-week low of $22.60 and a 52-week high of $39.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is currently 33.10%.

Enterprise Bancorp 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.