Enterprise Bancorp Inc (EBTC) Director Sells $76,820.00 in Stock
Enterprise Bancorp Inc (NASDAQ:EBTC) Director Ken S. Ansin sold 2,300 shares of Enterprise Bancorp stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total value of $76,820.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Enterprise Bancorp Inc (NASDAQ:EBTC) traded up 0.12% during mid-day trading on Wednesday, hitting $33.84. The stock had a trading volume of 5,788 shares. Enterprise Bancorp Inc has a one year low of $23.53 and a one year high of $39.25. The stock has a market cap of $387.64 million, a P/E ratio of 18.79 and a beta of 0.95. The company has a 50 day moving average price of $32.55 and a 200 day moving average price of $33.26.
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 business 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 business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.60%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 30.00%.
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Separately, BidaskClub upgraded Enterprise Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th.
Several institutional investors have recently modified their holdings of EBTC. First Trust Advisors LP acquired a new stake in shares of Enterprise Bancorp in the 2nd quarter valued at about $644,000. Bank of New York Mellon Corp raised its stake in shares of Enterprise Bancorp by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,080 shares of the savings and loans company’s stock valued at $1,460,000 after purchasing an additional 2,272 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Enterprise Bancorp in the 2nd quarter valued at about $406,000. Wells Fargo & Company MN raised its stake in shares of Enterprise Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock valued at $226,000 after purchasing an additional 150 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Enterprise Bancorp in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 19.74% 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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