Raymond James Financial Inc. Takes Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Raymond James Financial Inc. purchased a new stake in Enterprise Bancorp, Inc. (NASDAQ:EBTC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,024 shares of the savings and loans company’s stock, valued at approximately $278,000.

Several other large investors have also modified their holdings of EBTC. Barclays PLC lifted its stake in shares of Enterprise Bancorp by 69.6% in the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock valued at $729,000 after purchasing an additional 9,373 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Enterprise Bancorp by 170.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock valued at $664,000 after purchasing an additional 13,084 shares during the last quarter. Harbor Group Inc. acquired a new position in Enterprise Bancorp during the 4th quarter worth about $203,000. SG Americas Securities LLC lifted its stake in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after acquiring an additional 948 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Enterprise Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 60,917 shares of the savings and loans company’s stock valued at $2,409,000 after acquiring an additional 2,910 shares during the period. Institutional investors and hedge funds own 38.93% of the company’s stock.

Analysts Set New Price Targets

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

Enterprise Bancorp Stock Performance

Shares of Enterprise Bancorp stock opened at $38.82 on Monday. Enterprise Bancorp, Inc. has a 12 month low of $22.60 and a 12 month high of $44.41. The business has a 50-day moving average of $37.52 and a 200 day moving average of $38.83. The stock has a market capitalization of $485.56 million, a price-to-earnings ratio of 12.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter. The company had revenue of $43.88 million for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.58%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 30.58%.

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.