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

Enterprise Bancorp, Inc. (NASDAQ:EBTC) passed 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 current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $305.77 million, a PE ratio of 8.56 and a beta of 0.61. The firm’s 50-day simple moving average is $25.46 and its two-hundred day simple moving average is $27.47.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, January 25th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $42.07 million during 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. Shareholders of record on Monday, May 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Friday, May 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 32.99%.

Insider Buying and Selling at Enterprise Bancorp

In related news, Director Michael T. Putziger bought 1,755 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was bought at an average price of $27.46 per share, with a total value of $48,192.30. Following the purchase, the director now directly owns 206,075 shares of the company’s stock, valued at approximately $5,658,819.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 21.69% of the company’s stock.

Institutional Investors Weigh In On Enterprise Bancorp

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Enterprise Bancorp during the third quarter valued at about $121,000. Panagora Asset Management Inc. boosted its holdings in Enterprise Bancorp by 137.6% during the third quarter. Panagora Asset Management Inc. now owns 35,204 shares of the savings and loans company’s stock valued at $964,000 after acquiring an additional 20,389 shares during the period. Barclays PLC boosted its holdings in Enterprise Bancorp by 33.2% during the third quarter. Barclays PLC now owns 8,201 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 2,043 shares during the period. HighTower Advisors LLC boosted its holdings in Enterprise Bancorp by 1.8% during the third quarter. HighTower Advisors LLC now owns 56,831 shares of the savings and loans company’s stock valued at $1,556,000 after acquiring an additional 1,000 shares during the period. Finally, Pallas Capital Advisors LLC boosted its holdings in Enterprise Bancorp by 15.5% during the fourth 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 currently owned by institutional investors.

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.