Bridgeway Capital Management LLC Cuts Stock Position in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Bridgeway Capital Management LLC trimmed its stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,292 shares of the savings and loans company’s stock after selling 2,090 shares during the period. Bridgeway Capital Management LLC owned 0.77% of Enterprise Bancorp worth $3,768,000 at the end of the most recent quarter.

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

Enterprise Bancorp Trading Up 1.6 %

Shares of EBTC stock opened at $38.97 on Friday. Enterprise Bancorp, Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The company has a 50 day moving average price of $37.56 and a 200 day moving average price of $38.70. The stock has a market capitalization of $485.48 million, a P/E ratio of 12.49 and a beta of 0.73. 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 (NASDAQ:EBTC) last posted its quarterly earnings data on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share for the quarter. The business had revenue of $43.88 million for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 2.57%. Enterprise Bancorp’s dividend payout ratio (DPR) is 30.58%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a research note on Sunday, May 4th. They set a “hold” rating on the stock.

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.