Enterprise Bancorp Inc (NASDAQ:EBTC) Chairman George L. Duncan Sells 1,500 Shares

Enterprise Bancorp Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 1,500 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $34.51, for a total transaction of $51,765.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enterprise Bancorp Inc (NASDAQ EBTC) opened at 30.74 on Friday. The stock has a 50 day moving average of $34.34 and a 200-day moving average of $33.43. The company has a market cap of $352.13 million, a PE ratio of 17.07 and a beta of 0.92. Enterprise Bancorp Inc has a 12-month low of $23.00 and a 12-month high of $39.25.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, July 20th. The savings and loans company reported $0.48 EPS for the quarter. Enterprise Bancorp had a return on equity of 9.49% and a net margin of 18.50%. The company had revenue of $27.47 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 1.76%. The ex-dividend date of this dividend is Wednesday, August 9th. Enterprise Bancorp’s payout ratio is 30.00%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. acquired a new position in shares of Enterprise Bancorp during the second quarter valued at approximately $213,000. Wells Fargo & Company MN raised its position in shares of Enterprise Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock valued at $226,000 after buying an additional 150 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Enterprise Bancorp during the second quarter valued at approximately $406,000. Teachers Advisors LLC raised its position in shares of Enterprise Bancorp by 20.4% in the second quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock valued at $598,000 after buying an additional 2,849 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Enterprise Bancorp during the second quarter valued at approximately $644,000. 19.10% of the stock is owned by institutional investors.

Separately, BidaskClub cut shares of Enterprise Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

Enterprise Bancorp Company Profile

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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