Enterprise Bancorp Inc. Announces Quarterly Dividend of $0.13 (EBTC)
Enterprise Bancorp Inc. (NASDAQ:EBTC) announced a quarterly dividend on Wednesday, October 19th. Stockholders of record on Thursday, November 10th will be paid a dividend of 0.13 per share on Thursday, December 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, November 8th.
Shares of Enterprise Bancorp (NASDAQ:EBTC) traded up 0.82% during mid-day trading on Wednesday, hitting $28.23. The stock had a trading volume of 3,002 shares. The firm has a 50 day moving average price of $26.56 and a 200 day moving average price of $24.59. Enterprise Bancorp has a 52-week low of $20.01 and a 52-week high of $30.81. The firm has a market cap of $322.41 million, a PE ratio of 16.42 and a beta of 0.94.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.45 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 9.58% and a net margin of 17.68%.
In other news, Chairman George L. Duncan sold 1,200 shares of Enterprise Bancorp stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $23.16, for a total transaction of $27,792.00. Following the sale, the chairman now owns 408,962 shares in the company, valued at $9,471,559.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric W. Hanson sold 5,168 shares of Enterprise Bancorp stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $26.70, for a total value of $137,985.60. Following the sale, the director now owns 366,524 shares in the company, valued at approximately $9,786,190.80. The disclosure for this sale can be found here. 21.87% of the stock is owned by company insiders.
About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the parent 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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