Enterprise Bancorp (NASDAQ:EBTC) Stock Crosses Below Two Hundred Day Moving Average of $27.49

Enterprise Bancorp, Inc. (NASDAQ:EBTC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 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 stock has a market cap of $302.40 million, a price-to-earnings ratio of 8.46 and a beta of 0.61. The company has a 50 day simple moving average of $25.55 and a 200 day simple moving average of $27.49.

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. Enterprise Bancorp had a return on equity of 11.47% and a net margin of 15.80%. The company had revenue of $42.07 million for the quarter.

Enterprise Bancorp Dividend Announcement

The company also recently disclosed 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 3.90%. The ex-dividend date is Friday, May 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.99%.

Insider Buying and Selling at Enterprise Bancorp

In other Enterprise Bancorp news, Director Michael T. Putziger purchased 1,755 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of $27.46 per share, for a total transaction of $48,192.30. Following the transaction, the director now owns 206,075 shares in the company, valued at approximately $5,658,819.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.69% of the company’s stock.

Hedge Funds Weigh In On Enterprise Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Enterprise Bancorp in the third quarter worth approximately $121,000. Private Advisor Group LLC acquired a new stake in Enterprise Bancorp during the 4th quarter worth about $212,000. Barclays PLC grew its holdings in Enterprise Bancorp by 33.2% during the 3rd quarter. Barclays PLC now owns 8,201 shares of the savings and loans company’s stock worth $225,000 after acquiring an additional 2,043 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Enterprise Bancorp by 42.7% during 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 acquiring an additional 3,284 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in shares of Enterprise Bancorp by 15.5% during 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 acquiring an additional 2,000 shares during the period. 38.93% of the stock is owned by institutional investors and hedge funds.

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.