Enterprise Bancorp (NASDAQ:EBTC) Share Price Passes Below Two Hundred Day Moving Average of $27.49

Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report)'s share price crossed 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 changing hands.

Enterprise Bancorp Stock Up 1.1 %

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $305.77 million, a P/E ratio of 8.56 and a beta of 0.61. The company has a fifty day moving average price of $25.46 and a 200-day moving average price of $27.47.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $42.07 million for the quarter. Enterprise Bancorp had a return on equity of 11.47% and a net margin of 15.80%.

Enterprise Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, May 10th. Enterprise Bancorp's dividend payout ratio (DPR) is presently 32.99%.

Insider Activity at Enterprise Bancorp

In other Enterprise Bancorp news, Director Michael T. Putziger bought 1,755 shares of Enterprise Bancorp stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $27.46 per share, for a total transaction of $48,192.30. Following the acquisition, the director now directly owns 206,075 shares in the company, valued at approximately $5,658,819.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Enterprise Bancorp

Several large investors have recently modified their holdings of EBTC. HighTower Advisors LLC lifted its position in Enterprise Bancorp by 1.8% in the third quarter. HighTower Advisors LLC now owns 56,831 shares of the savings and loans company's stock worth $1,556,000 after buying an additional 1,000 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Enterprise Bancorp by 2.2% in the fourth quarter. Panagora Asset Management Inc. now owns 35,961 shares of the savings and loans company's stock valued at $1,160,000 after acquiring an additional 757 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of Enterprise Bancorp by 15.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company's stock worth $479,000 after acquiring an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Enterprise Bancorp by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company's stock worth $354,000 after purchasing an additional 3,284 shares during the period. Finally, Barclays PLC grew its holdings in Enterprise Bancorp by 33.2% during the 3rd quarter. Barclays PLC now owns 8,201 shares of the savings and loans company's stock valued at $225,000 after purchasing an additional 2,043 shares during the last quarter. Institutional investors own 38.93% of the company's stock.

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.