Siena Capital Partners GP LLC Purchases 13,222 Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC)

Siena Capital Partners GP LLC grew its stake in shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) by 9.7% in the third quarter, Holdings Channel reports. The institutional investor owned 149,289 shares of the savings and loans company’s stock after purchasing an additional 13,222 shares during the period. Enterprise Bancorp accounts for approximately 1.4% of Siena Capital Partners GP LLC’s holdings, making the stock its 20th biggest position. Siena Capital Partners GP LLC’s holdings in Enterprise Bancorp were worth $4,771,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Enterprise Bancorp by 4.6% during the first quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock valued at $11,807,000 after buying an additional 19,918 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Enterprise Bancorp by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after buying an additional 8,216 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Enterprise Bancorp by 102.2% during the third 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 buying an additional 33,153 shares during the last quarter. Empowered Funds LLC raised its position in shares of Enterprise Bancorp by 5.4% during the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock valued at $1,854,000 after buying an additional 2,948 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Enterprise Bancorp by 35.4% during the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after buying an additional 14,563 shares during the last quarter. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Stock Up 2.1 %

Shares of EBTC opened at $36.43 on Friday. Enterprise Bancorp, Inc. has a 52 week low of $22.60 and a 52 week high of $39.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $452.82 million, a P/E ratio of 12.56 and a beta of 0.53. The company has a 50-day simple moving average of $33.21 and a 200-day simple moving average of $28.80.

Enterprise Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, November 8th. 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.