Cabot Wealth Management Inc. acquired a new position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,308 shares of the savings and loans company’s stock, valued at approximately $234,000. Cabot Wealth Management Inc. owned approximately 0.06% of Enterprise Bancorp as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of EBTC. Vanguard Group Inc. lifted its stake in shares of Enterprise Bancorp by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock valued at $11,807,000 after purchasing an additional 19,918 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Enterprise Bancorp by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after purchasing an additional 8,216 shares during the period. American Century Companies Inc. raised its stake in Enterprise Bancorp by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock worth $1,387,000 after buying an additional 14,563 shares during the period. Empowered Funds LLC raised its stake in Enterprise Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 51,099 shares of the savings and loans company’s stock worth $1,327,000 after buying an additional 3,850 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Enterprise Bancorp by 14.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company’s stock worth $971,000 after buying an additional 4,824 shares during the period. Institutional investors and hedge funds own 38.93% of the company’s stock.
Enterprise Bancorp Trading Up 2.7 %
Enterprise Bancorp stock traded up $0.88 during mid-day trading on Tuesday, hitting $33.32. 20,981 shares of the company’s stock were exchanged, compared to its average volume of 22,765. The firm has a market capitalization of $412.34 million, a P/E ratio of 11.15 and a beta of 0.53. Enterprise Bancorp, Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $34.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.36. The company’s 50 day simple moving average is $30.25 and its 200-day simple moving average is $26.92.
Enterprise Bancorp 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.
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