Enterprise Bancorp Inc. (EBTC) Director Eric W. Hanson Sells 25,000 Shares of Stock
Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 25,000 shares of Enterprise Bancorp stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $33.00, for a total transaction of $825,000.00. Following the completion of the transaction, the director now directly owns 324,520 shares in the company, valued at approximately $10,709,160. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Enterprise Bancorp Inc. (NASDAQ:EBTC) remained flat at $33.14 during trading on Thursday. The company had a trading volume of 18,633 shares. Enterprise Bancorp Inc. has a one year low of $20.01 and a one year high of $33.62. The stock has a market cap of $379.42 million, a P/E ratio of 19.28 and a beta of 0.86. The stock’s 50-day moving average is $28.56 and its 200 day moving average is $25.44.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.57%. Enterprise Bancorp’s dividend payout ratio is presently 30.23%.
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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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