Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 1,170 shares of the firm’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $33.25, for a total value of $38,902.50. Following the completion of the transaction, the director now owns 315,348 shares of the company’s stock, valued at approximately $10,485,321. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Enterprise Bancorp Inc. (NASDAQ:EBTC) traded up 0.89% on Wednesday, hitting $32.93. The stock had a trading volume of 1,145 shares. The company’s 50-day moving average price is $28.95 and its 200 day moving average price is $25.60. Enterprise Bancorp Inc. has a 12-month low of $20.01 and a 12-month high of $33.62. The firm has a market cap of $377.02 million, a P/E ratio of 19.16 and a beta of 0.86.

Insider Buying and Selling by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, November 8th. Enterprise Bancorp’s payout ratio is currently 30.23%.

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About Enterprise Bancorp

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.

5 Day Chart for NASDAQ:EBTC

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