Somewhat Favorable News Coverage Somewhat Unlikely to Affect Enterprise Bancorp (EBTC) Share Price
Headlines about Enterprise Bancorp (NASDAQ:EBTC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Enterprise Bancorp earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 45.6604030886804 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Enterprise Bancorp (NASDAQ EBTC) traded down 0.03% during trading on Wednesday, hitting $37.20. The stock had a trading volume of 5,632 shares. The stock has a 50-day moving average price of $35.10 and a 200-day moving average price of $33.95. The company has a market cap of $426.13 million, a PE ratio of 20.66 and a beta of 0.96. Enterprise Bancorp has a 52 week low of $25.35 and a 52 week high of $39.25.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings results on Thursday, July 20th. The savings and loans company reported $0.48 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 18.50% and a return on equity of 9.49%. The firm had revenue of $27.47 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 9th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 30.00%.
Separately, BidaskClub lowered Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.
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In other news, Chairman George L. Duncan sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $34.51, for a total transaction of $51,765.00. Following the completion of the sale, the chairman now owns 406,523 shares of the company’s stock, valued at $14,029,108.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ken S. Ansin sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $33.40, for a total transaction of $76,820.00. The disclosure for this sale can be found here. Corporate insiders own 19.68% of the company’s stock.
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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