Enterprise Bancorp, Inc (EBTC) Chairman George L. Duncan Sells 4,580 Shares

Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 4,580 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.58, for a total transaction of $172,116.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

Enterprise Bancorp, Inc (NASDAQ:EBTC) traded down $0.82 on Wednesday, hitting $36.42. 9,300 shares of the company were exchanged, compared to its average volume of 13,025. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96. Enterprise Bancorp, Inc has a one year low of $29.02 and a one year high of $39.25. The company has a market capitalization of $431.90, a price-to-earnings ratio of 20.02 and a beta of 0.95.

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. 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 for the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, November 9th. Enterprise Bancorp’s payout ratio is currently 29.03%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBTC. Alliancebernstein L.P. bought a new position in shares of Enterprise Bancorp during the second quarter valued at about $213,000. Wells Fargo & Company MN lifted its position in shares of Enterprise Bancorp by 2.4% during 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 purchasing an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Enterprise Bancorp during the second quarter valued at about $406,000. Teachers Advisors LLC lifted its position in shares of Enterprise Bancorp by 20.4% during the second quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock valued at $598,000 after purchasing an additional 2,849 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Enterprise Bancorp during the second quarter valued at about $644,000. 19.80% of the stock is currently owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

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