Enterprise Bancorp, Inc (NASDAQ:EBTC) Director Mary Jane King purchased 545 shares of Enterprise Bancorp stock in a transaction dated Monday, June 11th. The stock was bought at an average price of $40.68 per share, with a total value of $22,170.60. Following the acquisition, the director now directly owns 9,924 shares of the company’s stock, valued at $403,708.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Mary Jane King also recently made the following trade(s):
- On Thursday, May 3rd, Mary Jane King purchased 300 shares of Enterprise Bancorp stock. The stock was bought at an average price of $36.79 per share, with a total value of $11,037.00.
Shares of EBTC stock traded down $0.10 during trading on Friday, reaching $40.40. The company’s stock had a trading volume of 17,442 shares, compared to its average volume of 13,842. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. The firm has a market cap of $473.15 million, a PE ratio of 18.66 and a beta of 0.84. Enterprise Bancorp, Inc has a one year low of $30.00 and a one year high of $44.14.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Thursday, April 19th. The savings and loans company reported $0.58 EPS for the quarter. The business had revenue of $29.81 million for the quarter. Enterprise Bancorp had a net margin of 16.55% and a return on equity of 11.03%.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 11th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, May 10th.
Separately, BidaskClub upgraded shares of Enterprise Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Enterprise Bancorp by 0.9% in the fourth quarter. BlackRock Inc. now owns 446,706 shares of the savings and loans company’s stock worth $15,210,000 after purchasing an additional 3,903 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enterprise Bancorp by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 171,658 shares of the savings and loans company’s stock worth $6,058,000 after purchasing an additional 11,559 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Enterprise Bancorp by 14.1% in the fourth quarter. Bank of New York Mellon Corp now owns 48,975 shares of the savings and loans company’s stock worth $1,668,000 after purchasing an additional 6,065 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Enterprise Bancorp by 11.7% in the fourth quarter. Renaissance Technologies LLC now owns 28,048 shares of the savings and loans company’s stock worth $955,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Enterprise Bancorp by 141.9% in the fourth quarter. Deutsche Bank AG now owns 24,873 shares of the savings and loans company’s stock worth $845,000 after purchasing an additional 14,589 shares in the last quarter. 20.21% of the stock is currently owned by institutional investors and hedge funds.
About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.
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