Enterprise Bancorp, Inc. Plans Quarterly Dividend of $0.21 (NASDAQ:EBTC)

Enterprise Bancorp, Inc. (NASDAQ:EBTC – Get Rating) declared a quarterly dividend on Tuesday, April 19th, Zacks reports. Investors of record on Wednesday, May 11th will be paid a dividend of 0.205 per share by the savings and loans company on Wednesday, June 1st. This represents a $0.82 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, May 10th.

Shares of NASDAQ:EBTC opened at $39.52 on Thursday. The company has a market capitalization of $476.37 million, a price-to-earnings ratio of 11.32 and a beta of 0.47. Enterprise Bancorp has a 52 week low of $32.01 and a 52 week high of $46.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $39.09 and a 200 day moving average of $40.10.

Enterprise Bancorp (NASDAQ:EBTC – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The savings and loans company reported $0.90 EPS for the quarter. The company had revenue of $41.63 million during the quarter. Enterprise Bancorp had a net margin of 25.23% and a return on equity of 12.39%.

In other news, Director Michael T. Putziger purchased 976 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were acquired at an average cost of $40.41 per share, with a total value of $39,440.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 130 shares of company stock worth $5,233 over the last ninety days. Corporate insiders own 17.12% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in EBTC. BlackRock Inc. grew its holdings in shares of Enterprise Bancorp by 16.2% during the fourth quarter. BlackRock Inc. now owns 606,424 shares of the savings and loans company’s stock valued at $27,241,000 after buying an additional 84,591 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Enterprise Bancorp by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 158,384 shares of the savings and loans company’s stock valued at $7,114,000 after buying an additional 8,508 shares during the last quarter. Barclays PLC grew its holdings in shares of Enterprise Bancorp by 101.9% during the fourth quarter. Barclays PLC now owns 14,784 shares of the savings and loans company’s stock valued at $664,000 after buying an additional 7,463 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Enterprise Bancorp by 514,500.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,146 shares of the savings and loans company’s stock valued at $231,000 after buying an additional 5,145 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Enterprise Bancorp by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 54,544 shares of the savings and loans company’s stock valued at $1,961,000 after buying an additional 3,441 shares during the last quarter. 25.00% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on shares of Enterprise Bancorp in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

About Enterprise Bancorp (Get Rating)

Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.

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