Enterprise Bancorp, Inc (NASDAQ:EBTC) Chairman George L. Duncan sold 10,229 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $34.39, for a total value of $351,775.31. Following the completion of the sale, the chairman now owns 390,228 shares of the company’s stock, valued at approximately $13,419,940.92. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Enterprise Bancorp, Inc (EBTC) traded down $0.08 during trading on Friday, reaching $34.43. 2,141 shares of the company were exchanged, compared to its average volume of 6,111. The stock has a market cap of $399.36, a price-to-earnings ratio of 18.51 and a beta of 0.95. Enterprise Bancorp, Inc has a 12 month low of $29.02 and a 12 month high of $38.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96.
Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, October 19th. The savings and loans company reported $0.47 EPS for the quarter. The business had revenue of $28.58 million for the quarter. Enterprise Bancorp had a net margin of 18.64% and a return on equity of 9.67%.
Separately, BidaskClub downgraded shares of Enterprise Bancorp from a “hold” rating to a “sell” rating in a report on Friday, December 29th.
Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in Enterprise Bancorp in the second quarter valued at approximately $1,198,000. First Trust Advisors LP acquired a new stake in Enterprise Bancorp in the second quarter valued at approximately $644,000. State Street Corp boosted its stake in Enterprise Bancorp by 9.4% in the second quarter. State Street Corp now owns 153,399 shares of the savings and loans company’s stock valued at $5,451,000 after acquiring an additional 13,123 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Enterprise Bancorp in the second quarter valued at approximately $406,000. Finally, Northern Trust Corp boosted its stake in Enterprise Bancorp by 11.7% in the second quarter. Northern Trust Corp now owns 105,419 shares of the savings and loans company’s stock valued at $3,747,000 after acquiring an additional 11,070 shares in the last quarter. 19.80% of the stock is currently owned by institutional investors.
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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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