Enterprise Bancorp Inc (EBTC) Rating Increased to Buy at BidaskClub
Enterprise Bancorp Inc (NASDAQ:EBTC) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
Shares of Enterprise Bancorp (NASDAQ EBTC) traded up 1.54% on Friday, reaching $36.84. 5,737 shares of the company traded hands. The firm has a 50-day moving average price of $32.66 and a 200 day moving average price of $33.89. Enterprise Bancorp has a one year low of $22.34 and a one year high of $39.25. The company has a market capitalization of $420.93 million, a PE ratio of 20.81 and a beta of 0.94.
Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings data on Thursday, April 20th. The savings and loans company reported $0.48 EPS for the quarter. Enterprise Bancorp had a return on equity of 9.27% and a net margin of 18.26%. The company had revenue of $26.98 million during the quarter.
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In related news, President Richard W. Main sold 10,000 shares of Enterprise Bancorp stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the completion of the sale, the president now directly owns 237,592 shares in the company, valued at approximately $8,315,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Larochelle sold 1,000 shares of Enterprise Bancorp stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $34.79, for a total value of $34,790.00. Following the completion of the sale, the executive vice president now owns 33,385 shares of the company’s stock, valued at $1,161,464.15. The disclosure for this sale can be found here. Insiders purchased a total of 482 shares of company stock valued at $15,615 over the last quarter. 19.68% of the stock is owned by corporate insiders.
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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