Enterprise Bancorp Inc (EBTC) Set to Announce Quarterly Earnings on Wednesday
Enterprise Bancorp Inc (NASDAQ:EBTC) is scheduled to be issuing its quarterly earnings data on Wednesday, October 18th.
Enterprise Bancorp (NASDAQ:EBTC) last announced its earnings results on Thursday, July 20th. The savings and loans company reported $0.48 EPS for the quarter. Enterprise Bancorp had a return on equity of 9.49% and a net margin of 18.50%. The business had revenue of $27.47 million during the quarter.
Enterprise Bancorp Inc (NASDAQ:EBTC) opened at 37.83 on Wednesday. The firm’s 50 day moving average price is $34.48 and its 200-day moving average price is $33.85. The firm has a market cap of $433.34 million, a PE ratio of 21.00 and a beta of 0.96. Enterprise Bancorp Inc has a one year low of $25.35 and a one year high of $39.25.
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In other news, Director Ken S. Ansin sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total transaction of $76,820.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman George L. Duncan sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $34.51, for a total value of $51,765.00. Following the sale, the chairman now directly owns 406,523 shares in the company, valued at approximately $14,029,108.73. The disclosure for this sale can be found here. 19.68% of the stock is owned by insiders.
Separately, BidaskClub lowered Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.
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.
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