Enterprise Bancorp (NASDAQ:EBTC) Share Price Passes Below 200 Day Moving Average of $27.95

Enterprise Bancorp, Inc. (NASDAQ:EBTC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.95 and traded as low as $25.14. Enterprise Bancorp shares last traded at $25.87, with a volume of 36,001 shares changing hands.

Enterprise Bancorp Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average is $27.13 and its two-hundred day moving average is $27.95. The company has a market capitalization of $317.68 million, a P/E ratio of 8.35 and a beta of 0.61.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.64 EPS for the quarter. The business had revenue of $42.07 million for the quarter. Enterprise Bancorp had a net margin of 17.41% and a return on equity of 12.20%.

Enterprise Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.96 annualized dividend and a dividend yield of 3.71%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.23. Enterprise Bancorp’s payout ratio is 30.97%.

Insider Activity

In other Enterprise Bancorp news, Director Michael T. Putziger purchased 1,755 shares of the stock in a transaction dated Friday, March 1st. The shares were bought at an average price of $27.46 per share, with a total value of $48,192.30. Following the completion of the transaction, the director now directly owns 206,075 shares in the company, valued at approximately $5,658,819.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.69% of the company’s stock.

Hedge Funds Weigh In On Enterprise Bancorp

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Enterprise Bancorp by 10.8% in the 2nd quarter. BlackRock Inc. now owns 691,689 shares of the savings and loans company’s stock worth $20,017,000 after buying an additional 67,406 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Enterprise Bancorp in the 1st quarter worth approximately $19,516,000. Vanguard Group Inc. lifted its holdings in shares of Enterprise Bancorp by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 434,729 shares of the savings and loans company’s stock worth $14,024,000 after acquiring an additional 9,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Enterprise Bancorp by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 335,514 shares of the savings and loans company’s stock worth $10,825,000 after acquiring an additional 7,883 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Enterprise Bancorp by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 276,196 shares of the savings and loans company’s stock worth $7,562,000 after acquiring an additional 1,827 shares during the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Company Profile

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.