Foster Dykema Cabot & Co. Inc. MA Holds Position in Enterprise Bancorp Inc (NASDAQ:EBTC)
Foster Dykema Cabot & Co. Inc. MA maintained its stake in Enterprise Bancorp Inc (NASDAQ:EBTC) during the second quarter, Holdings Channel reports. The firm owned 31,306 shares of the savings and loans company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Enterprise Bancorp were worth $1,113,000 as of its most recent filing with the SEC.
Separately, First Trust Advisors LP acquired a new stake in Enterprise Bancorp during the second quarter worth approximately $644,000. Institutional investors own 18.81% of the company’s stock.
Shares of Enterprise Bancorp Inc (NASDAQ EBTC) opened at 31.00 on Friday. Enterprise Bancorp Inc has a 12-month low of $22.77 and a 12-month high of $39.25. The company has a 50 day moving average of $34.96 and a 200-day moving average of $33.61. The company has a market capitalization of $355.10 million, a P/E ratio of 17.21 and a beta of 0.92.
Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, July 20th. The savings and loans company reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $27.47 million for the quarter. Enterprise Bancorp had a net margin of 18.50% and a return on equity of 9.49%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, August 9th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 30.00%.
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Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
In other news, Chairman George L. Duncan sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $34.51, for a total value of $51,765.00. Following the transaction, the chairman now owns 406,523 shares of the company’s stock, valued at approximately $14,029,108.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.68% of the stock is currently owned by company insiders.
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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