Headlines about Enterprise Bancorp (NASDAQ:EBTC) have been trending positive recently, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enterprise Bancorp earned a news impact score of 0.31 on Alpha One’s scale. Alpha One also assigned news articles about the savings and loans company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Shares of Enterprise Bancorp (NASDAQ:EBTC) traded up 0.07% during midday trading on Friday, hitting $29.92. The stock had a trading volume of 18,119 shares. The stock has a market cap of $341.87 million, a PE ratio of 16.90 and a beta of 0.90. The stock has a 50-day moving average of $33.50 and a 200 day moving average of $33.42. Enterprise Bancorp has a 52 week low of $21.55 and a 52 week high of $39.25.
Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Thursday, April 20th. The savings and loans company reported $0.48 EPS for the quarter. The business had revenue of $26.98 million during the quarter. Enterprise Bancorp had a return on equity of 9.15% and a net margin of 17.56%.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Tuesday, May 9th. Enterprise Bancorp’s dividend payout ratio is currently 31.76%.
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In related news, President Richard W. Main sold 10,000 shares of Enterprise Bancorp stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the transaction, the president now owns 237,592 shares in the company, valued at $8,315,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven R. Larochelle sold 1,000 shares of Enterprise Bancorp stock in a transaction on Monday, April 24th. The shares were sold at an average price of $34.79, for a total value of $34,790.00. Following the completion of the transaction, the executive vice president now owns 33,385 shares in the company, valued at approximately $1,161,464.15. The disclosure for this sale can be found here. In the last ninety days, insiders bought 1,042 shares of company stock valued at $35,398. Company insiders own 21.87% 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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