Foster Dykema Cabot Co Incma buys $725,360 stake in Enterprise Bancorp Inc (EBTC)

Enterprise Bancorp Inc (EBTC) : Foster Dykema Cabot Co Incma scooped up 1,330 additional shares in Enterprise Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 31,306 shares of Enterprise Bancorp Inc which is valued at $725,360.Enterprise Bancorp Inc makes up approximately 0.16% of Foster Dykema Cabot Co Incma’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in EBTC by selling 6,092 shares or 18.61% in the most recent quarter. The Hedge Fund company now holds 26,642 shares of EBTC which is valued at $617,295.Blackrock Investment Management boosted its stake in EBTC in the latest quarter, The investment management firm added 4,019 additional shares and now holds a total of 32,137 shares of Enterprise Bancorp Inc which is valued at $744,614.Blackrock Institutional Trust Company N.a. boosted its stake in EBTC in the latest quarter, The investment management firm added 9,226 additional shares and now holds a total of 62,645 shares of Enterprise Bancorp Inc which is valued at $1,451,485.California Public Employees Retirement System boosted its stake in EBTC in the latest quarter, The investment management firm added 624 additional shares and now holds a total of 14,681 shares of Enterprise Bancorp Inc which is valued at $348,380.Trust Co Of Vermont boosted its stake in EBTC in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 1,253 shares of Enterprise Bancorp Inc which is valued at $30,360.

Enterprise Bancorp Inc opened for trading at $23.42 and hit $24 on the upside on Tuesday, eventually ending the session at $23.87, with a gain of 1.92% or 0.45 points. The heightened volatility saw the trading volume jump to 9,793 shares. Company has a market cap of $273 M.

Enterprise Bancorp Inc. operates as the parent holding company of Enterprise Bank and Trust Company (the Bank). The Company is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations expand the branch network and pay dividends to stockholders. Through the Bank and its subsidiaries the Company offers a range of commercial and consumer loan products deposit products and cash management services. The Company also offers investment advisory and wealth management trust and insurance services. As of December 31 2014 the Company’s total investments amounted to $245.1 million; total deposits excluding brokered deposits amounted to $1.68 billion and wholesale funding amounted to $144.1 million. It offers lending services to business entities non-profit organizations professionals and individuals.

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