BidaskClub cut shares of Enterprise Bancorp Inc (NASDAQ:EBTC) from a hold rating to a sell rating in a report published on Friday.

Enterprise Bancorp (NASDAQ EBTC) traded down 1.89% during midday trading on Friday, reaching $33.25. 4,770 shares of the company traded hands. The stock has a market capitalization of $380.88 million, a price-to-earnings ratio of 18.46 and a beta of 0.92. Enterprise Bancorp has a 12 month low of $22.34 and a 12 month high of $39.25. The firm has a 50 day moving average of $35.63 and a 200-day moving average of $33.69.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data 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 9.61%.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 9th. Enterprise Bancorp’s dividend payout ratio is currently 30.00%.

In related news, Chairman George L. Duncan sold 1,500 shares of the company’s stock in a transaction 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 directly owns 406,523 shares of the company’s stock, valued at approximately $14,029,108.73. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 19.68% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Enterprise Bancorp stock. First Trust Advisors LP acquired a new stake in Enterprise Bancorp Inc (NASDAQ:EBTC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,129 shares of the savings and loans company’s stock, valued at approximately $644,000. First Trust Advisors LP owned approximately 0.16% of Enterprise Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 18.81% of the company’s stock.

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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