Media headlines about Enterprise Bancorp (NASDAQ:EBTC) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Enterprise Bancorp earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the savings and loans company an impact score of 46.7850607650302 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Enterprise Bancorp (NASDAQ EBTC) traded up 1.87% during midday trading on Tuesday, reaching $33.80. The company’s stock had a trading volume of 5,501 shares. Enterprise Bancorp has a 52 week low of $23.53 and a 52 week high of $39.25. The stock has a market capitalization of $387.18 million, a PE ratio of 18.77 and a beta of 0.95. The company has a 50 day moving average price of $32.59 and a 200-day moving average price of $33.26.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results on Thursday, July 20th. The savings and loans company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $27.47 million during the quarter. Enterprise Bancorp had a net margin of 18.50% and a return on equity of 9.49%.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.60%. Enterprise Bancorp’s dividend payout ratio is currently 30.00%.
Separately, BidaskClub raised Enterprise Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th.
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In other news, Chairman George L. Duncan sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $34.51, for a total transaction of $51,765.00. Following the completion of the sale, the chairman now owns 406,523 shares in the company, valued at approximately $14,029,108.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.68% of the stock is owned by company insiders.
Enterprise Bancorp Company Profile
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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