Enterprise Bancorp, Inc (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, July 16th, Zacks reports. Stockholders of record on Tuesday, August 13th will be paid a dividend of 0.16 per share by the savings and loans company on Tuesday, September 3rd. This represents a $0.64 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, August 12th.
Enterprise Bancorp has increased its dividend by an average of 5.1% per year over the last three years and has increased its dividend annually for the last 6 consecutive years.
Enterprise Bancorp stock opened at $27.91 on Friday. Enterprise Bancorp has a 1-year low of $26.96 and a 1-year high of $37.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $328.49 million, a PE ratio of 10.59 and a beta of 0.84. The company has a fifty day simple moving average of $29.51.
Separately, BidaskClub cut Enterprise Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 19th.
In other Enterprise Bancorp news, Chairman George L. Duncan purchased 1,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $28.48 per share, for a total transaction of $28,480.00. Following the completion of the purchase, the chairman now directly owns 342,685 shares in the company, valued at $9,759,668.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.54% of the stock is owned by company insiders.
About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.
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