Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,968 shares of the savings and loans company’s stock, valued at approximately $223,000.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Enterprise Bancorp during the third quarter valued at $111,000. Private Advisor Group LLC bought a new stake in Enterprise Bancorp in the 3rd quarter valued at about $212,000. Cabot Wealth Management Inc. acquired a new position in Enterprise Bancorp during the 3rd quarter valued at about $234,000. Rhumbline Advisers grew its position in Enterprise Bancorp by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock worth $375,000 after purchasing an additional 406 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Enterprise Bancorp in the 2nd quarter worth about $807,000. 38.93% of the stock is owned by institutional investors and hedge funds.

Enterprise Bancorp Stock Performance

EBTC opened at $36.99 on Monday. Enterprise Bancorp, Inc. has a twelve month low of $22.60 and a twelve month high of $39.37. The stock has a market cap of $459.79 million, a PE ratio of 12.76 and a beta of 0.53. The business’s 50 day moving average is $33.81 and its 200-day moving average is $29.31. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.60%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 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.