Enterprise Bancorp (NASDAQ:EBTC) posted its quarterly earnings data on Thursday. The savings and loans company reported $0.74 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $33.87 million during the quarter. Enterprise Bancorp had a return on equity of 11.70% and a net margin of 21.64%.
Shares of EBTC stock traded up $0.09 during trading hours on Friday, reaching $32.19. 4 shares of the company’s stock were exchanged, compared to its average volume of 6,846. The company has a market cap of $376.59 million, a P/E ratio of 11.88 and a beta of 0.85. The company’s 50 day moving average is $33.00 and its two-hundred day moving average is $30.52. Enterprise Bancorp has a 1 year low of $26.85 and a 1 year high of $34.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 10th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, February 7th.
Separately, BidaskClub downgraded Enterprise Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th.
Enterprise Bancorp Company Profile
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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