Enterprise Bancorp, Inc (EBTC) Director Mary Jane King Acquires 545 Shares

Enterprise Bancorp, Inc (NASDAQ:EBTC) Director Mary Jane King acquired 545 shares of Enterprise Bancorp stock in a transaction that occurred on Monday, June 11th. The shares were purchased at an average price of $40.68 per share, with a total value of $22,170.60. Following the purchase, the director now owns 9,924 shares in the company, valued at $403,708.32. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Mary Jane King also recently made the following trade(s):

  • On Thursday, May 3rd, Mary Jane King acquired 300 shares of Enterprise Bancorp stock. The shares were purchased at an average price of $36.79 per share, with a total value of $11,037.00.

Enterprise Bancorp stock traded up $0.28 during mid-day trading on Thursday, reaching $40.50. 11,270 shares of the company traded hands, compared to its average volume of 10,730. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06. Enterprise Bancorp, Inc has a fifty-two week low of $30.00 and a fifty-two week high of $44.14. The firm has a market capitalization of $473.03 million, a price-to-earnings ratio of 18.66 and a beta of 0.84.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings results on Thursday, April 19th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 16.55% and a return on equity of 11.03%. The business had revenue of $29.81 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were paid a dividend of $0.145 per share. The ex-dividend date was Thursday, May 10th. This represents a $0.58 dividend on an annualized basis and a yield of 1.43%.

Separately, BidaskClub lowered shares of Enterprise Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday.

Institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new position in Enterprise Bancorp during the 4th quarter valued at approximately $138,000. SG Americas Securities LLC acquired a new stake in shares of Enterprise Bancorp in the fourth quarter worth $182,000. Wells Fargo & Company MN increased its stake in shares of Enterprise Bancorp by 32.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,879 shares of the savings and loans company’s stock worth $439,000 after acquiring an additional 3,136 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Enterprise Bancorp by 19.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,331 shares of the savings and loans company’s stock worth $612,000 after acquiring an additional 2,800 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Enterprise Bancorp by 141.9% in the fourth quarter. Deutsche Bank AG now owns 24,873 shares of the savings and loans company’s stock worth $845,000 after acquiring an additional 14,589 shares during the period. Institutional investors and hedge funds own 20.21% of the company’s stock.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.

Insider Buying and Selling by Quarter for Enterprise Bancorp (NASDAQ:EBTC)

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