Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 1,938 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $34.42, for a total transaction of $66,705.96. Following the completion of the transaction, the chairman now directly owns 394,069 shares of the company’s stock, valued at approximately $13,563,854.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Enterprise Bancorp, Inc (NASDAQ EBTC) traded up $0.03 during trading on Thursday, reaching $34.59. 8,600 shares of the company were exchanged, compared to its average volume of 12,919. Enterprise Bancorp, Inc has a one year low of $29.02 and a one year high of $39.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $400.82, a P/E ratio of 18.58 and a beta of 0.95.
Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share for the quarter. The business had revenue of $28.58 million during the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.54 annualized dividend and a dividend yield of 1.56%. Enterprise Bancorp’s dividend payout ratio is presently 29.03%.
Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday.
Several large investors have recently modified their holdings of the company. Cetera Investment Advisers acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at $1,198,000. First Trust Advisors LP acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at $644,000. State Street Corp increased its holdings in shares of Enterprise Bancorp by 9.4% in the 2nd quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock valued at $5,451,000 after acquiring an additional 13,123 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at $406,000. Finally, Northern Trust Corp increased its holdings in shares of Enterprise Bancorp by 11.7% in the 2nd quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock valued at $3,747,000 after acquiring an additional 11,070 shares during the period. Institutional investors and hedge funds own 19.80% of the company’s stock.
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About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the 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.
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