Skandinaviska Enskilda Banken AB publ Buys Shares of 28,099 Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Skandinaviska Enskilda Banken AB publ purchased a new stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,099 shares of the savings and loans company’s stock, valued at approximately $1,114,000. Skandinaviska Enskilda Banken AB publ owned approximately 0.23% of Enterprise Bancorp as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in Enterprise Bancorp by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after buying an additional 948 shares in the last quarter. Harbor Group Inc. purchased a new position in shares of Enterprise Bancorp in the 4th quarter valued at $203,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enterprise Bancorp in the 3rd quarter worth $223,000. Raymond James Financial Inc. purchased a new stake in shares of Enterprise Bancorp during the 4th quarter worth $278,000. Finally, Rhumbline Advisers boosted its position in Enterprise Bancorp by 10.0% during the fourth quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock valued at $633,000 after purchasing an additional 1,452 shares in the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Trading Up 0.8 %

NASDAQ:EBTC opened at $39.84 on Tuesday. The stock has a market capitalization of $496.37 million, a price-to-earnings ratio of 12.77 and a beta of 0.49. Enterprise Bancorp, Inc. has a 52 week low of $22.60 and a 52 week high of $44.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $41.39 and a 200 day moving average of $37.27.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 32.05%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a report on Monday. They issued a “hold” rating for the company.

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.