Eric W. Hanson Sells 13,832 Shares of Enterprise Bancorp Inc. (EBTC) Stock
Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 13,832 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $27.58, for a total value of $381,486.56. Following the completion of the transaction, the director now directly owns 345,190 shares in the company, valued at $9,520,340.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Enterprise Bancorp Inc. (NASDAQ:EBTC) opened at 31.60 on Wednesday. The company has a market capitalization of $361.79 million, a P/E ratio of 18.38 and a beta of 0.86. The firm has a 50-day moving average price of $27.63 and a 200 day moving average price of $25.07. Enterprise Bancorp Inc. has a 12 month low of $20.01 and a 12 month high of $33.62.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.65%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 30.23%.
Enterprise Bancorp Company Profile
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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