Enterprise Bancorp, Inc (EBTC) Plans Dividend Increase – $0.15 Per Share

Enterprise Bancorp, Inc (NASDAQ:EBTC) declared a quarterly dividend on Tuesday, January 16th, Zacks reports. Investors of record on Thursday, February 8th will be paid a dividend of 0.145 per share by the savings and loans company on Thursday, March 1st. This represents a $0.58 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, February 7th. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.14.

Enterprise Bancorp (NASDAQ EBTC) opened at $34.01 on Friday. The stock has a market capitalization of $389.51 and a PE ratio of 16.21. Enterprise Bancorp has a 52-week low of $29.02 and a 52-week high of $38.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96.

In other Enterprise Bancorp news, EVP Stephen J. Irish sold 1,188 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $36.00, for a total transaction of $42,768.00. Following the transaction, the executive vice president now owns 9,912 shares in the company, valued at approximately $356,832. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ryan C. Dunn sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $35.75, for a total value of $25,025.00. The disclosure for this sale can be found here. Insiders sold a total of 21,535 shares of company stock worth $758,441 in the last 90 days. 19.68% of the stock is currently owned by insiders.

Separately, BidaskClub upgraded Enterprise Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd.

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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.

Dividend History for Enterprise Bancorp (NASDAQ:EBTC)

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