State Street Corp Acquires 3,257 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

State Street Corp lifted its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 1.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 200,176 shares of the savings and loans company’s stock after acquiring an additional 3,257 shares during the quarter. State Street Corp’s holdings in Enterprise Bancorp were worth $6,398,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Enterprise Bancorp by 2.8% in the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock worth $375,000 after purchasing an additional 406 shares during the last quarter. Martingale Asset Management L P boosted its position in Enterprise Bancorp by 6.0% during the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock valued at $819,000 after buying an additional 1,441 shares during the period. Empowered Funds LLC grew its holdings in Enterprise Bancorp by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock worth $1,854,000 after acquiring an additional 2,948 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Enterprise Bancorp in the third quarter valued at about $111,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Enterprise Bancorp by 14.1% during 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 acquiring an additional 4,824 shares during the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Trading Down 1.3 %

Shares of NASDAQ EBTC opened at $39.72 on Friday. Enterprise Bancorp, Inc. has a 1 year low of $22.60 and a 1 year high of $44.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50-day moving average of $37.05 and a 200 day moving average of $31.38. The stock has a market cap of $493.68 million, a P/E ratio of 13.70 and a beta of 0.56.

Enterprise Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is currently 33.10%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a report on Friday. They set a “hold” rating for the company.

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.