Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 2,900 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $34.50, for a total transaction of $100,050.00. Following the completion of the transaction, the chairman now owns 396,969 shares of the company’s stock, valued at approximately $13,695,430.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) traded down $0.69 during trading on Tuesday, hitting $34.00. 8,400 shares of the company’s stock were exchanged, compared to its average volume of 12,973. The firm has a market capitalization of $402.32, a P/E ratio of 18.65 and a beta of 0.95. Enterprise Bancorp, Inc has a 1-year low of $29.02 and a 1-year high of $39.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 0.96.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.47 earnings per share for the quarter. The business had revenue of $28.58 million during the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a $0.135 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.59%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 29.03%.

Several institutional investors have recently modified their holdings of EBTC. Alliancebernstein L.P. acquired a new position in shares of Enterprise Bancorp in the second quarter worth about $213,000. Wells Fargo & Company MN raised its position in shares of 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 purchasing an additional 150 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Enterprise Bancorp during the 2nd quarter worth about $406,000. Teachers Advisors LLC raised its position in shares of 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 purchasing an additional 2,849 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Enterprise Bancorp during the 2nd quarter worth about $644,000. Institutional investors and hedge funds own 19.80% of the company’s stock.

Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

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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.

Insider Buying and Selling by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

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