Enterprise Bancorp (NASDAQ:EBTC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

Shares of Enterprise Bancorp (NASDAQ EBTC) traded up $0.08 on Friday, hitting $34.70. The company’s stock had a trading volume of 6,900 shares, compared to its average volume of 12,883. The firm has a market capitalization of $401.51, a PE ratio of 18.66 and a beta of 0.95. Enterprise Bancorp has a 12 month low of $29.02 and a 12 month 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 EPS for the quarter. The company had revenue of $28.58 million for the quarter. Enterprise Bancorp had a return on equity of 9.67% and a net margin of 18.64%.

In related news, Chairman George L. Duncan sold 10,229 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $34.39, for a total value of $351,775.31. Following the transaction, the chairman now owns 390,228 shares in the company, valued at $13,419,940.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Irish sold 1,188 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $36.00, for a total value of $42,768.00. Following the completion of the transaction, the executive vice president now owns 9,912 shares in the company, valued at approximately $356,832. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,373 shares of company stock worth $858,793. Insiders own 19.68% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. bought a new stake in Enterprise Bancorp in the second quarter valued at about $213,000. Wells Fargo & Company MN increased its holdings in Enterprise Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock valued at $226,000 after buying an additional 150 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Enterprise Bancorp in the second quarter valued at about $406,000. Teachers Advisors LLC increased its holdings in Enterprise Bancorp by 20.4% in the second quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock valued at $598,000 after buying an additional 2,849 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Enterprise Bancorp in the second quarter valued at about $644,000. Institutional investors and hedge funds own 19.80% of the company’s stock.

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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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