Enterprise Bancorp Inc (NASDAQ:EBTC) posted its quarterly earnings results on Thursday. The savings and loans company reported $0.48 earnings per share for the quarter, Bloomberg Earnings reports. Enterprise Bancorp had a net margin of 18.26% and a return on equity of 9.27%. The firm had revenue of $27.47 million during the quarter.

Enterprise Bancorp (NASDAQ:EBTC) traded up 2.21% during mid-day trading on Friday, hitting $36.48. 4,889 shares of the stock traded hands. Enterprise Bancorp has a 12 month low of $22.34 and a 12 month high of $39.25. The stock has a 50-day moving average price of $34.90 and a 200-day moving average price of $33.77. The stock has a market cap of $416.82 million, a P/E ratio of 20.61 and a beta of 0.94.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, August 9th. Enterprise Bancorp’s dividend payout ratio is presently 30.51%.

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Separately, BidaskClub raised shares of Enterprise Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th.

In other Enterprise Bancorp news, EVP Steven R. Larochelle sold 1,000 shares of the stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $34.79, for a total transaction of $34,790.00. Following the sale, the executive vice president now directly owns 33,385 shares in the company, valued at approximately $1,161,464.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Richard W. Main sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. Following the sale, the president now owns 237,592 shares in the company, valued at $8,315,720. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 482 shares of company stock worth $15,615. 19.68% of the stock is owned by company 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.

Earnings History for Enterprise Bancorp (NASDAQ:EBTC)

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