Enterprise Bancorp (NASDAQ:EBTC) Stock Crosses Below Two Hundred Day Moving Average of $27.49

Enterprise Bancorp, Inc. (NASDAQ:EBTC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.49 and traded as low as $24.38. Enterprise Bancorp shares last traded at $24.63, with a volume of 18,177 shares changing hands.

Enterprise Bancorp Trading Down 0.7 %

The firm has a market cap of $302.40 million, a P/E ratio of 8.46 and a beta of 0.61. The firm’s fifty day moving average is $25.55 and its two-hundred day moving average is $27.49. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Enterprise Bancorp (NASDAQ:EBTC) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.47% and a net margin of 15.80%. The firm had revenue of $42.07 million during the quarter.

Enterprise Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, May 10th. Enterprise Bancorp’s dividend payout ratio is currently 32.99%.

Insider Transactions at Enterprise Bancorp

In other news, Director Michael T. Putziger bought 1,755 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $27.46 per share, with a total value of $48,192.30. Following the transaction, the director now owns 206,075 shares of the company’s stock, valued at $5,658,819.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 21.69% of the company’s stock.

Institutional Investors Weigh In On Enterprise Bancorp

Several hedge funds have recently bought and sold shares of EBTC. SG Americas Securities LLC bought a new stake in Enterprise Bancorp during the third quarter worth about $121,000. Private Advisor Group LLC bought a new position in shares of Enterprise Bancorp during the fourth quarter valued at $212,000. Barclays PLC increased its holdings in shares of Enterprise Bancorp by 33.2% during the third quarter. Barclays PLC now owns 8,201 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Enterprise Bancorp by 42.7% during the fourth quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock valued at $354,000 after acquiring an additional 3,284 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in shares of Enterprise Bancorp by 15.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock valued at $479,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 38.93% of the company’s stock.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of 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.