Enterprise Bancorp, Inc. (NASDAQ:EBTC) to Issue $0.19 Quarterly Dividend

Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend on Tuesday, July 20th, Zacks reports. Stockholders of record on Wednesday, August 11th will be paid a dividend of 0.185 per share by the savings and loans company on Wednesday, September 1st. This represents a $0.74 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, August 10th.

Enterprise Bancorp has increased its dividend by 29.6% over the last three years and has increased its dividend every year for the last 1 years.

Shares of NASDAQ:EBTC opened at $32.60 on Thursday. The business’s fifty day moving average is $33.77. The firm has a market capitalization of $391.53 million, a P/E ratio of 10.30 and a beta of 0.49. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. Enterprise Bancorp has a 52-week low of $19.81 and a 52-week high of $36.78.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Thursday, April 22nd. The savings and loans company reported $0.86 earnings per share for the quarter. The business had revenue of $39.04 million during the quarter. Enterprise Bancorp had a return on equity of 11.58% and a net margin of 22.99%.

In other Enterprise Bancorp news, Director Ken S. Ansin sold 1,200 shares of the stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $33.59, for a total transaction of $40,308.00. Following the completion of the sale, the director now directly owns 3,999 shares in the company, valued at approximately $134,326.41. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ken S. Ansin sold 2,588 shares of the stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $35.78, for a total value of $92,598.64. Following the sale, the director now owns 3,999 shares of the company’s stock, valued at $143,084.22. The disclosure for this sale can be found here. Insiders sold 10,484 shares of company stock valued at $364,536 over the last 90 days. 16.81% of the stock is currently owned by company insiders.

About Enterprise Bancorp

Enterprise Bancorp, Inc is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank, and has reported 126 consecutive profitable quarters. Enterprise Bank is principally engaged in the business of attracting deposits from the general public and investing in commercial loans and investment securities.

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Dividend History for Enterprise Bancorp (NASDAQ:EBTC)

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