Enterprise Bancorp, Inc (EBTC) Chairman George L. Duncan Sells 2,651 Shares of Stock
Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 2,651 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $35.28, for a total transaction of $93,527.28. Following the completion of the sale, the chairman now owns 399,820 shares in the company, valued at $14,105,649.60. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Enterprise Bancorp, Inc (EBTC) traded down $0.66 during trading hours on Friday, reaching $34.69. 6,232 shares of the company traded hands, compared to its average volume of 9,834. Enterprise Bancorp, Inc has a 12-month low of $29.02 and a 12-month high of $39.25. 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 firm has a market cap of $409.98, a price-to-earnings ratio of 19.00 and a beta of 0.95.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.47 EPS for the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%. The firm had revenue of $28.58 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a dividend of $0.135 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.54 annualized dividend and a yield of 1.56%. Enterprise Bancorp’s dividend payout ratio is currently 29.03%.
Large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. acquired a new stake in Enterprise Bancorp during the 2nd quarter worth $213,000. Wells Fargo & Company MN raised its stake in Enterprise Bancorp by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock worth $226,000 after acquiring an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Enterprise Bancorp during the 2nd quarter worth $406,000. Teachers Advisors LLC raised its stake in Enterprise Bancorp by 20.4% during the 2nd quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock worth $598,000 after acquiring an additional 2,849 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in Enterprise Bancorp during the 2nd quarter worth $644,000. Hedge funds and other institutional investors own 19.80% of the company’s stock.
Separately, BidaskClub lowered shares of Enterprise Bancorp from a “buy” rating to a “hold” rating in a report on Thursday.
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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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