Enterprise Bancorp, Inc (EBTC) EVP Ryan C. Dunn Sells 700 Shares of Stock

Enterprise Bancorp, Inc (NASDAQ:EBTC) EVP Ryan C. Dunn sold 700 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $35.75, for a total transaction of $25,025.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Enterprise Bancorp, Inc (EBTC) traded down $0.12 during trading on Friday, reaching $37.24. 13,154 shares of the company traded hands, compared to its average volume of 8,402. Enterprise Bancorp, Inc has a 1-year low of $29.02 and a 1-year high of $39.25. The stock has a market capitalization of $431.91, a PE ratio of 20.02 and a beta of 0.95. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 9th. Enterprise Bancorp’s payout ratio is 29.03%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EBTC. Cetera Investment Advisers purchased a new position in Enterprise Bancorp in the second quarter valued at about $1,198,000. First Trust Advisors LP purchased a new position in Enterprise Bancorp in the second quarter valued at about $644,000. State Street Corp boosted its stake in Enterprise Bancorp by 9.4% in the second quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock valued at $5,451,000 after acquiring an additional 13,123 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Enterprise Bancorp in the second quarter valued at approximately $406,000. Finally, Northern Trust Corp raised its position in shares of Enterprise Bancorp by 11.7% in the second quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock valued at $3,747,000 after purchasing an additional 11,070 shares during the period. Hedge funds and other institutional investors own 19.80% of the company’s stock.

Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.

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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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