Enterprise Bancorp Inc (EBTC) Receives Average Rating of “” from Analysts
Shares of Enterprise Bancorp Inc (NASDAQ:EBTC) have received a consensus broker rating score of 0.00 () from the zero brokers that cover the stock, Zacks Investment Research reports.
Zacks has also assigned Enterprise Bancorp an industry rank of 103 out of 265 based on the ratings given to related companies.
Separately, BidaskClub upgraded shares of Enterprise Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th.
In other news, Chairman George L. Duncan sold 1,500 shares of Enterprise Bancorp stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $34.51, for a total value of $51,765.00. Following the completion of the transaction, the chairman now owns 406,523 shares in the company, valued at $14,029,108.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 19.68% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. bought a new stake in shares of Enterprise Bancorp during the second quarter worth $213,000. Wells Fargo & Company MN raised its stake in shares of Enterprise Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 6,381 shares of the savings and loans company’s stock worth $226,000 after buying an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Enterprise Bancorp during the second quarter worth $406,000. Teachers Advisors LLC raised its stake in shares of Enterprise Bancorp by 20.4% in the second quarter. Teachers Advisors LLC now owns 16,835 shares of the savings and loans company’s stock worth $598,000 after buying an additional 2,849 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Enterprise Bancorp during the second quarter worth $644,000. 19.10% of the stock is owned by institutional investors and hedge funds.
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Enterprise Bancorp (NASDAQ:EBTC) opened at 31.00 on Friday. Enterprise Bancorp has a 12-month low of $22.89 and a 12-month high of $39.25. The stock’s 50 day moving average price is $34.34 and its 200 day moving average price is $33.43. The company has a market capitalization of $355.10 million, a price-to-earnings ratio of 17.21 and a beta of 0.92.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results on Thursday, July 20th. The savings and loans company reported $0.48 EPS for the quarter. The firm had revenue of $27.47 million during the quarter. Enterprise Bancorp had a net margin of 18.50% and a return on equity of 9.49%.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, August 9th. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 30.00%.
Enterprise Bancorp Company Profile
Enterprise Bancorp, Inc operates as the 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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