Yakira Capital Management Inc. Buys Shares of 29,999 Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Yakira Capital Management Inc. purchased a new position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,999 shares of the savings and loans company’s stock, valued at approximately $1,186,000.

A number of other hedge funds have also recently modified their holdings of EBTC. Picton Mahoney Asset Management raised its holdings in Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 237 shares during the period. SG Americas Securities LLC increased its position in Enterprise Bancorp by 27.3% in 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 in the last quarter. Wells Fargo & Company MN raised its stake in shares of Enterprise Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock worth $230,000 after buying an additional 1,267 shares during the period. Rhumbline Advisers lifted its position in shares of Enterprise Bancorp by 10.0% during the 4th quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock valued at $633,000 after buying an additional 1,452 shares in the last quarter. Finally, Empowered Funds LLC grew its stake 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 valued at $2,409,000 after acquiring an additional 2,910 shares during the period. Institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Stock Down 3.0 %

Shares of EBTC stock opened at $34.80 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp, Inc. has a one year low of $22.60 and a one year high of $44.41. The company’s fifty day moving average price is $41.07 and its 200-day moving average price is $38.04. The company has a market capitalization of $433.57 million, a price-to-earnings ratio of 11.15 and a beta of 0.49.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a research note on Wednesday. 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.