Eric W. Hanson Sells 1,170 Shares of Enterprise Bancorp Inc. (EBTC) Stock
Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 1,170 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $33.25, for a total transaction of $38,902.50. Following the transaction, the director now owns 315,348 shares of the company’s stock, valued at $10,485,321. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Enterprise Bancorp Inc. (NASDAQ:EBTC) traded up 0.89% on Wednesday, reaching $32.93. 1,145 shares of the company’s stock traded hands. The company’s 50-day moving average price is $28.95 and its 200 day moving average price is $25.60. Enterprise Bancorp Inc. has a one year low of $20.01 and a one year high of $33.62. The firm has a market cap of $377.02 million, a P/E ratio of 19.16 and a beta of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, November 8th. Enterprise Bancorp’s dividend payout ratio 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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