Enterprise Bancorp Inc. (NASDAQ:EBTC) announced a quarterly dividend on Wednesday, October 19th. Stockholders of record on Thursday, November 10th will be given a dividend of 0.13 per share on Thursday, December 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, November 8th.
Enterprise Bancorp (NASDAQ:EBTC) traded up 0.82% during mid-day trading on Wednesday, hitting $28.23. The stock had a trading volume of 3,002 shares. The stock has a market cap of $322.41 million, a P/E ratio of 16.42 and a beta of 0.94. The company has a 50 day moving average price of $26.56 and a 200 day moving average price of $24.59. Enterprise Bancorp has a one year low of $20.01 and a one year high of $30.81.
Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.45 EPS for the quarter. Enterprise Bancorp had a return on equity of 9.58% and a net margin of 17.68%.
In other news, Chairman George L. Duncan sold 1,200 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $23.16, for a total transaction of $27,792.00. Following the completion of the sale, the chairman now directly owns 408,962 shares in the company, valued at approximately $9,471,559.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric W. Hanson sold 5,168 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $26.70, for a total value of $137,985.60. Following the sale, the director now owns 366,524 shares of the company’s stock, valued at $9,786,190.80. The disclosure for this sale can be found here. Insiders own 21.87% of the company’s stock.
Enterprise Bancorp Company Profile
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.
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