Enterprise Bancorp (NASDAQ:EBTC) Announces Earnings Results

Enterprise Bancorp (NASDAQ:EBTC) posted its earnings results on Tuesday. The savings and loans company reported $0.86 earnings per share for the quarter, Zacks reports. Enterprise Bancorp had a return on equity of 10.48% and a net margin of 14.53%.

Enterprise Bancorp Price Performance

NASDAQ EBTC opened at $42.21 on Thursday. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.08. The firm’s fifty day simple moving average is $39.67 and its two-hundred day simple moving average is $34.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $524.67 million, a P/E ratio of 14.56 and a beta of 0.54.

Enterprise Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.37%. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is 33.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Enterprise Bancorp in a research report on Tuesday. They set a “hold” rating on the 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.