Enterprise Bancorp, Inc (EBTC) Chairman Buys $30,000.00 in Stock
Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan bought 1,000 shares of Enterprise Bancorp stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of $30.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the chairman now owns 336,302 shares of the company’s stock, valued at $10,089,060. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ EBTC traded up $0.48 during midday trading on Wednesday, reaching $30.95. 2,394 shares of the company traded hands, compared to its average volume of 8,103. The stock has a market cap of $351.00 million, a PE ratio of 11.81 and a beta of 0.77. Enterprise Bancorp, Inc has a 12 month low of $26.96 and a 12 month high of $44.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89.
Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, October 18th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $31.14 million during the quarter. Enterprise Bancorp had a return on equity of 12.68% and a net margin of 18.71%.
Several hedge funds and other institutional investors have recently modified their holdings of EBTC. Bessemer Group Inc. increased its stake in shares of Enterprise Bancorp by 383.3% in the second quarter. Bessemer Group Inc. now owns 2,900 shares of the savings and loans company’s stock valued at $117,000 after buying an additional 2,300 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in shares of Enterprise Bancorp by 63.2% in the third quarter. MetLife Investment Advisors LLC now owns 6,633 shares of the savings and loans company’s stock valued at $228,000 after buying an additional 2,569 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Enterprise Bancorp by 18.7% in the second quarter. First Trust Advisors LP now owns 9,798 shares of the savings and loans company’s stock valued at $396,000 after buying an additional 1,546 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Enterprise Bancorp by 102.5% in the second quarter. Martingale Asset Management L P now owns 16,004 shares of the savings and loans company’s stock valued at $648,000 after buying an additional 8,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Enterprise Bancorp by 13.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,736 shares of the savings and loans company’s stock valued at $798,000 after buying an additional 2,405 shares in the last quarter. 21.38% of the stock is owned by institutional investors.
Separately, BidaskClub cut Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 3rd.
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Enterprise Bancorp Company Profile
Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.
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