Enterprise Bancorp (NASDAQ:EBTC) Sees Strong Trading Volume – Time to Buy?

Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) saw an uptick in trading volume on Wednesday . 12,604 shares were traded during trading, a decline of 47% from the previous session’s volume of 23,561 shares.The stock last traded at $43.00 and had previously closed at $42.75.

Enterprise Bancorp Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $543.19 million, a P/E ratio of 14.74 and a beta of 0.56. The stock has a 50-day moving average of $34.69 and a two-hundred day moving average of $29.96.

Enterprise Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 33.10%.

Hedge Funds Weigh In On Enterprise Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new stake in shares of Enterprise Bancorp during the third quarter valued at approximately $2,043,000. Assenagon Asset Management S.A. grew its holdings in Enterprise Bancorp by 102.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after acquiring an additional 33,153 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Enterprise Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock valued at $11,807,000 after acquiring an additional 19,918 shares during the period. American Century Companies Inc. raised its stake in shares of Enterprise Bancorp by 35.4% during the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after acquiring an additional 14,563 shares during the last quarter. Finally, Siena Capital Partners GP LLC raised its stake in shares of Enterprise Bancorp by 9.7% during the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after acquiring an additional 13,222 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors.

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.