Enterprise Bancorp (EBTC) Stock Forecast, Price & News

Enterprise Bancorp's stock was trading at $35.30 on January 1st, 2023. Since then, EBTC shares have decreased by 15.0% and is now trading at $30.00.
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Enterprise Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 54,100 shares, an increase of 14.9% from the April 30th total of 47,100 shares. Based on an average daily volume of 17,400 shares, the short-interest ratio is currently 3.1 days. Approximately 0.6% of the company's stock are sold short.
View Enterprise Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our EBTC earnings forecast.

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced its quarterly earnings data on Tuesday, April, 25th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter. The savings and loans company earned $44.73 million during the quarter. Enterprise Bancorp had a trailing twelve-month return on equity of 15.01% and a net margin of 22.75%.

Enterprise Bancorp announced a quarterly dividend on Tuesday, April 18th. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.23 per share on Thursday, June 1st. This represents a $0.92 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for EBTC.

SPDR SSGA US Small Cap Low Volatility Index ETF holds 15,400 shares of EBTC stock, representing 0.24% of its portfolio.

Enterprise Bancorp (NASDAQ:EBTC) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.17%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 25.99%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EBTC.

11 employees have rated Enterprise Bancorp Chief Executive Officer Jack Clancy Jr. on Glassdoor.com. Jack Clancy Jr. has an approval rating of 100% among the company's employees. This puts Jack Clancy Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Enterprise Bancorp investors own include JPMorgan Chase & Co. (JPM), People's United Financial (PBCT), AbbVie (ABBV), Consolidated Edison (ED), Enbridge (ENB), Altria Group (MO), Southern (SO), AT&T (T), Verizon Communications (VZ) and Wells Fargo & Company (WFC).

Enterprise Bancorp trades on the NASDAQ under the ticker symbol "EBTC."

Enterprise Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.14%), Proficio Capital Partners LLC (3.29%), Dimensional Fund Advisors LP (2.41%), State Street Corp (1.56%), Geode Capital Management LLC (1.50%) and Siena Capital Partners GP LLC (1.12%). Insiders that own company stock include Diane J Silva, Gino J Baroni, John A Koutsos, Keith N Soucie, Ken S Ansin, Ken S Ansin, Luis M Pedroso, Luis M Pedroso, Mary Jane King, Michael T Putziger, Michael T Putziger, Ryan C Dunn and Stephen J Irish.
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Shares of EBTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EBTC stock can currently be purchased for approximately $30.00.

Enterprise Bancorp (NASDAQ:EBTC) has a market capitalization of $366.60 million and generates $179.38 million in revenue each year. The savings and loans company earns $42.72 million in net income (profit) each year or $3.54 on an earnings per share basis.

The company employs 536 workers across the globe.

Enterprise Bancorp's mailing address is 222 Merrimack Street, Lowell MA, 01852. The official website for the company is www.enterprisebanking.com. The savings and loans company can be reached via phone at (978) 459-9000, via email at joe.lussier@ebtc.com, or via fax at 978-656-5813.