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

Enterprise Bancorp (NASDAQ EBTC) traded down $0.86 during midday trading on Friday, reaching $34.80. 3,953 shares of the company’s stock traded hands, compared to its average volume of 11,729. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.71. Enterprise Bancorp has a 12 month low of $29.02 and a 12 month high of $39.25. The firm has a market cap of $413.57, a PE ratio of 18.71 and a beta of 0.95.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.47 EPS for the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%. The company had revenue of $28.58 million during the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, November 9th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 29.03%.

In other news, Chairman George L. Duncan sold 10,229 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $34.39, for a total value of $351,775.31. Following the completion of the transaction, the chairman now owns 390,228 shares in the company, valued at approximately $13,419,940.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman George L. Duncan sold 1,938 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $34.42, for a total transaction of $66,705.96. Following the completion of the transaction, the chairman now owns 394,069 shares of the company’s stock, valued at approximately $13,563,854.98. The disclosure for this sale can be found here. Insiders have sold a total of 24,373 shares of company stock valued at $858,793 in the last quarter. 19.68% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of EBTC. Cetera Investment Advisers acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at $1,198,000. First Trust Advisors LP acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at $644,000. State Street Corp boosted its holdings in shares of Enterprise Bancorp by 9.4% in the 2nd quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock valued at $5,451,000 after buying an additional 13,123 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at $406,000. Finally, Northern Trust Corp boosted its holdings in shares of Enterprise Bancorp by 11.7% in the 2nd quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock valued at $3,747,000 after buying an additional 11,070 shares in the last quarter. Institutional investors and hedge funds own 19.80% of the company’s stock.

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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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