Enterprise Bancorp (NASDAQ:EBTC) Stock Price Passes Below 200-Day Moving Average of $27.49

Enterprise Bancorp, Inc. (NASDAQ:EBTC)’s share 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.

Enterprise Bancorp Stock Up 1.1 %

The company has a market capitalization of $305.77 million, a price-to-earnings ratio of 8.56 and a beta of 0.61. The firm’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $27.47. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.26.

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

Enterprise Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, May 10th. Enterprise Bancorp’s payout ratio is 32.99%.

Insider Buying and Selling

In related news, Director Michael T. Putziger bought 1,755 shares of Enterprise Bancorp stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $27.46 per share, with a total value of $48,192.30. Following the acquisition, the director now owns 206,075 shares of the company’s stock, valued at approximately $5,658,819.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.69% of the stock is currently owned by insiders.

Institutional Trading of Enterprise Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of EBTC. HighTower Advisors LLC boosted its holdings in Enterprise Bancorp by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 56,831 shares of the savings and loans company’s stock valued at $1,556,000 after purchasing an additional 1,000 shares during the period. Panagora Asset Management Inc. boosted its holdings in Enterprise Bancorp by 2.2% in the 4th quarter. Panagora Asset Management Inc. now owns 35,961 shares of the savings and loans company’s stock valued at $1,160,000 after purchasing an additional 757 shares during the period. Pallas Capital Advisors LLC boosted its holdings in Enterprise Bancorp by 15.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock valued at $479,000 after purchasing an additional 2,000 shares during the period. BNP Paribas Financial Markets boosted its holdings in Enterprise Bancorp by 42.7% in the 4th quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock valued at $354,000 after purchasing an additional 3,284 shares during the period. Finally, Barclays PLC boosted its holdings in Enterprise Bancorp by 33.2% in the 3rd quarter. Barclays PLC now owns 8,201 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 2,043 shares during the period. 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.