Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 4,580 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.58, for a total value of $172,116.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Enterprise Bancorp, Inc (NASDAQ EBTC) traded down $0.96 during midday trading on Thursday, hitting $35.46. The stock had a trading volume of 8,200 shares, compared to its average volume of 13,004. Enterprise Bancorp, Inc has a 52 week low of $29.02 and a 52 week high of $39.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $422.39, a price-to-earnings ratio of 19.58 and a beta of 0.95.
Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.47 EPS for the quarter. Enterprise Bancorp had a return on equity of 9.67% and a net margin of 18.64%. The company had revenue of $28.58 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, November 9th. Enterprise Bancorp’s payout ratio is 29.03%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Enterprise Bancorp by 0.7% during the second quarter. Vanguard Group Inc. now owns 303,306 shares of the savings and loans company’s stock worth $10,779,000 after purchasing an additional 2,073 shares in the last quarter. State Street Corp grew its holdings in shares of Enterprise Bancorp by 9.4% during the second quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock worth $5,451,000 after purchasing an additional 13,123 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Enterprise Bancorp by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 152,545 shares of the savings and loans company’s stock worth $5,539,000 after purchasing an additional 6,365 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Enterprise Bancorp by 11.7% during the second quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock worth $3,747,000 after purchasing an additional 11,070 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Enterprise Bancorp by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 42,910 shares of the savings and loans company’s stock worth $1,558,000 after purchasing an additional 1,830 shares in the last quarter. 19.80% of the stock is owned by institutional investors.
Separately, BidaskClub cut Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
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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.
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