American Century Companies Inc. Acquires 6,750 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

American Century Companies Inc. lifted its holdings in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,668 shares of the savings and loans company’s stock after purchasing an additional 6,750 shares during the period. American Century Companies Inc.’s holdings in Enterprise Bancorp were worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EBTC. Magnetar Financial LLC acquired a new position in Enterprise Bancorp in the fourth quarter valued at approximately $2,562,000. Picton Mahoney Asset Management increased its stake in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after acquiring an additional 237 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Enterprise Bancorp during the 4th quarter valued at $1,114,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Enterprise Bancorp by 79.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,476 shares of the savings and loans company’s stock worth $493,000 after acquiring an additional 5,508 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Enterprise Bancorp in the fourth quarter worth $278,000. Institutional investors own 38.93% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enterprise Bancorp in a report on Wednesday, April 2nd. They set a “hold” rating on the stock.

Enterprise Bancorp Stock Down 0.7 %

Shares of NASDAQ:EBTC opened at $34.55 on Tuesday. 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, Inc. has a 52-week low of $22.60 and a 52-week high of $44.41. The business’s 50 day simple moving average is $40.91 and its two-hundred day simple moving average is $38.10. The firm has a market cap of $430.46 million, a P/E ratio of 11.07 and a beta of 0.56.

Enterprise Bancorp (NASDAQ:EBTC) last posted 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 net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is currently 32.05%.

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.