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

Carl P. Sherr & Co. LLC lowered its position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,330 shares of the savings and loans company’s stock after selling 2,193 shares during the quarter. Carl P. Sherr & Co. LLC owned 0.22% of Enterprise Bancorp worth $873,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Siena Capital Partners GP LLC grew its stake in shares of Enterprise Bancorp by 9.7% during the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after purchasing an additional 13,222 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enterprise Bancorp in the 3rd quarter valued at about $223,000. Empowered Funds LLC grew its stake in Enterprise Bancorp by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock valued at $1,854,000 after acquiring an additional 2,948 shares during the last quarter. Assenagon Asset Management S.A. grew its stake 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 valued at $2,096,000 after acquiring an additional 33,153 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Enterprise Bancorp in the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Price Performance

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

Enterprise Bancorp Dividend Announcement

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

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.