Enterprise Bancorp, Inc (NASDAQ:EBTC) EVP Diane J. Silva sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $31.66, for a total transaction of $31,660.00. Following the completion of the transaction, the executive vice president now owns 67,834 shares of the company’s stock, valued at $2,147,624.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ EBTC opened at $29.56 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $29.27 and its 200 day moving average is $29.58. The company has a market cap of $349.10 million, a price-to-earnings ratio of 11.79 and a beta of 0.87. Enterprise Bancorp, Inc has a 52 week low of $26.85 and a 52 week high of $36.50.
Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, July 18th. The savings and loans company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $32.82 million for the quarter. Enterprise Bancorp had a net margin of 21.52% and a return on equity of 11.85%.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, August 12th.
Separately, BidaskClub upgraded shares of Enterprise Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th.
Several hedge funds have recently made changes to their positions in EBTC. Flagship Harbor Advisors LLC bought a new stake in shares of Enterprise Bancorp during the 2nd quarter valued at $46,000. BNP Paribas Arbitrage SA boosted its stake in Enterprise Bancorp by 605.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,017 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 1,731 shares in the last quarter. Coastal Capital Group Inc. bought a new position in Enterprise Bancorp in the 2nd quarter worth about $83,000. Acadian Asset Management LLC boosted its stake in Enterprise Bancorp by 19.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,718 shares of the savings and loans company’s stock worth $86,000 after purchasing an additional 443 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Enterprise Bancorp in the 1st quarter worth about $222,000. Hedge funds and other institutional investors own 20.71% of the company’s stock.
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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