Eric W. Hanson Sells 3,672 Shares of Enterprise Bancorp Inc. (EBTC) Stock
Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 3,672 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $33.15, for a total transaction of $121,726.80. Following the sale, the director now owns 316,518 shares in the company, valued at $10,492,571.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Enterprise Bancorp Inc. (NASDAQ:EBTC) opened at 32.50 on Tuesday. The firm has a market capitalization of $372.09 million, a P/E ratio of 18.91 and a beta of 0.86. Enterprise Bancorp Inc. has a 52 week low of $20.01 and a 52 week high of $33.62. The firm’s 50-day moving average is $28.95 and its 200-day moving average is $25.60.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, November 8th. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 30.23%.
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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