Enterprise Bancorp, Inc. (NASDAQ:EBTC) Raises Dividend to $0.25 Per Share

Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors of record on Monday, February 10th will be paid a dividend of 0.25 per share by the savings and loans company on Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.35%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24.

Enterprise Bancorp has increased its dividend by an average of 9.1% annually over the last three years.

Enterprise Bancorp Stock Performance

Shares of NASDAQ:EBTC traded up $1.07 on Tuesday, hitting $42.52. The company’s stock had a trading volume of 53,587 shares, compared to its average volume of 46,832. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08. The company has a market capitalization of $528.52 million, a price-to-earnings ratio of 14.66 and a beta of 0.54. The stock’s 50-day moving average is $38.90 and its two-hundred day moving average is $33.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a report on Monday. They issued a “hold” rating for the company.

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.