Enterprise Bancorp (EBTC) Given Daily News Sentiment Score of 0.05
News stories about Enterprise Bancorp (NASDAQ:EBTC) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Enterprise Bancorp earned a news impact score of 0.05 on Accern’s scale. Accern also gave news headlines about the savings and loans company an impact score of 47.7145742733678 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.
Shares of Enterprise Bancorp (NASDAQ:EBTC) traded up 0.77% during midday trading on Friday, reaching $36.75. 8,913 shares of the company’s stock were exchanged. The company has a market cap of $420.97 million, a P/E ratio of 20.41 and a beta of 0.95. Enterprise Bancorp has a 12 month low of $25.35 and a 12 month high of $39.25. The firm has a 50 day moving average price of $32.46 and a 200 day moving average price of $33.30.
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 was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Wednesday, August 9th. Enterprise Bancorp’s payout ratio is 30.00%.
In other news, Chairman George L. Duncan sold 1,500 shares of the business’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 completion of the transaction, the chairman now owns 406,523 shares of the company’s stock, valued at $14,029,108.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ken S. Ansin sold 2,300 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total value of $76,820.00. The disclosure for this sale can be found here. 19.68% of the stock is currently owned by insiders.
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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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