Enterprise Bancorp, Inc (EBTC) Chairman George L. Duncan Sells 10,229 Shares
Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 10,229 shares of Enterprise Bancorp stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $34.39, for a total value of $351,775.31. Following the completion of the transaction, the chairman now owns 390,228 shares in the company, valued at $13,419,940.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Enterprise Bancorp, Inc (NASDAQ:EBTC) opened at $35.02 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $406.85, a PE ratio of 18.86 and a beta of 0.95. Enterprise Bancorp, Inc has a 12 month low of $29.02 and a 12 month high of $39.25.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.47 EPS for the quarter. The business had revenue of $28.58 million for the quarter. Enterprise Bancorp had a return on equity of 9.67% and a net margin of 18.64%.
Separately, BidaskClub lowered Enterprise Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.
Several institutional investors have recently bought and sold shares of EBTC. First Trust Advisors LP bought a new position in shares of Enterprise Bancorp in the second quarter worth about $644,000. Bank of New York Mellon Corp increased its stake in shares of Enterprise Bancorp by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 41,080 shares of the savings and loans company’s stock worth $1,460,000 after purchasing an additional 2,272 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Enterprise Bancorp in the second quarter worth about $406,000. Wells Fargo & Company MN increased its stake 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 worth $226,000 after purchasing an additional 150 shares during the period. Finally, Alliancebernstein L.P. bought a new position in shares of Enterprise Bancorp in the second quarter worth about $213,000. Institutional investors and hedge funds own 19.80% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/enterprise-bancorp-inc-ebtc-chairman-george-l-duncan-sells-10229-shares/1772459.html.
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.
Receive News & Ratings for Enterprise Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.