Carl P. Sherr & Co. LLC Cuts Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Carl P. Sherr & Co. LLC decreased its holdings in Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 27,330 shares of the savings and loans company’s stock after selling 2,193 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Enterprise Bancorp were worth $873,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Enterprise Bancorp in the third quarter valued at approximately $111,000. Private Advisor Group LLC purchased a new stake in shares of Enterprise Bancorp during the third quarter valued at approximately $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enterprise Bancorp during the third quarter valued at approximately $223,000. Cabot Wealth Management Inc. purchased a new stake in shares of Enterprise Bancorp during the third quarter valued at approximately $234,000. Finally, Rhumbline Advisers raised its stake in shares of Enterprise Bancorp by 2.8% during the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after purchasing an additional 406 shares during the period. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Trading Down 0.7 %

EBTC opened at $36.43 on Friday. The firm has a market capitalization of $452.82 million, a P/E ratio of 12.56 and a beta of 0.53. The firm’s 50 day moving average is $33.64 and its 200-day moving average is $29.15. Enterprise Bancorp, Inc. has a 52-week low of $22.60 and a 52-week high of $39.37. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, November 8th. Enterprise Bancorp’s payout ratio is currently 33.10%.

About Enterprise Bancorp

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.