Enterprise Bancorp Inc (NASDAQ:EBTC) declared a quarterly dividend on Tuesday, October 17th, RTT News reports. Stockholders of record on Friday, November 10th will be given a dividend of 0.135 per share by the savings and loans company on Friday, December 1st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, November 9th.
Enterprise Bancorp (NASDAQ EBTC) opened at $35.89 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a market cap of $420.01 million, a PE ratio of 19.47 and a beta of 0.96.
Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share for the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.80%. The company had revenue of $28.58 million for the quarter.
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In other news, Director Ken S. Ansin sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $33.40, for a total transaction of $76,820.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,487 shares of company stock worth $83,646 in the last ninety days. Corporate insiders own 19.68% of the company’s stock.
Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
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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