Insider Buying: Mary Jane King Purchases 1,000 Shares of Enterprise Bancorp Stock (EBTC)
Enterprise Bancorp (NASDAQ:EBTC) Director Mary Jane King purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $19.66 per share, with a total value of $19,660.00. Following the transaction, the director now directly owns 1,300 shares of the company’s stock, valued at approximately $25,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Enterprise Bancorp (NASDAQ:EBTC) traded down 1.32% on Friday, hitting $19.47. The stock had a trading volume of 7,570 shares. Enterprise Bancorp has a 52 week low of $17.41 and a 52 week high of $22.40. The stock has a 50-day moving average of $19.9 and a 200-day moving average of $19.58. The company has a market cap of $197.4 million and a P/E ratio of 14.41.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, August 8th.
Enterprise Bancorp, Inc (NASDAQ:EBTC) operates as the holding company of Enterprise Bank and Trust Company referred to as Enterprise Bank (the Bank).
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