Enterprise Bancorp, Inc. (NASDAQ:EBTC) TEU sells $12,400.00 in stock

Bancorp, Inc. (NASDAQ: EBTCGet a rating) Executive Vice President Ryan C. Dunn sold 400 shares of Enterprise Bancorp in a trade that took place on Thursday, October 27. The shares were sold at an average price of $31.00, for a total value of $12,400.00. Following the completion of the sale, the executive vice president now directly owns 7,445 shares of the company, valued at approximately $230,795. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink.

Enterprise Bancorp shares down 1.9%

EBTC Stock traded down $0.62 in midday trading on Monday, hitting $31.42. The company’s stock had a trading volume of 52 shares, compared to an average trading volume of 10,229 shares. The company’s fifty-day moving average price is $30.96 and its 200-day moving average price is $32.43. The company has a debt ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. Enterprise Bancorp, Inc. has a 12-month low of $28.57 and a 12-month high of $46.48. The stock has a market capitalization of $380.65 million, a P/E ratio of 9.42 and a beta of 0.52.

Enterprise Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1. Investors of record on Thursday, November 10 will receive a dividend of $0.205 per share. The ex-date of this dividend is Wednesday, November 9. This represents an annualized dividend of $0.82 and a yield of 2.61%. Enterprise Bancorp’s payout ratio is currently 24.12%.

A Wall Street analyst gives his opinion

Separately, StockNews.com upgraded Enterprise Bancorp shares from a “hold” rating to a “buy” rating in a Monday, Oct. 24, report.

Institutional entries and exits

A number of hedge funds have been buying and selling stocks recently. Trevian Wealth Management LLC increased its stake in Enterprise Bancorp shares by 16.4% during the third quarter. Trevian Wealth Management LLC now owns 10,978 shares of the savings and loan company worth $328,000 after buying 1,544 additional shares in the last quarter. Proficio Capital Partners LLC increased its position in Enterprise Bancorp by 16.9% during the third quarter. Proficio Capital Partners LLC now owns 12,714 shares of the savings and loan company worth $380,000 after acquiring 1,834 additional shares in the last quarter. Prelude Capital Management LLC increased its stake in Enterprise Bancorp by 3.5% in the second quarter. Prelude Capital Management LLC now owns 11,946 shares of the savings and loan company valued at $385,000 after acquiring 400 additional shares in the last quarter. State Street Corp increased its position in Enterprise Bancorp shares by 1.3% in the second quarter. State Street Corp now owns 185,556 shares of the savings and loan company valued at $5,973,000 after acquiring 2,361 additional shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Enterprise Bancorp during the 2nd quarter at a value of approximately $335,000. 30.29% of the shares are currently held by institutional investors.

About Bancorp Enterprise

(Get a rating)

Enterprise Bancorp, Inc operates as a holding company of Enterprise Bank and Trust Company which provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited transaction savings and money market accounts, commercial swipe products and term deposit certificates.

Featured articles

Insider buying and selling by quarter for Enterprise Bancorp (NASDAQ:EBTC)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Enterprise Bancorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Enterprise Bancorp was not on the list.

While Enterprise Bancorp currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Rosalie M. Dehner