Enterprise Bancorp, Inc (EBTC) Declares Quarterly Dividend of $0.16

Enterprise Bancorp, Inc (NASDAQ:EBTC) announced a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.16 per share by the savings and loans company on Monday, June 3rd. This represents a $0.64 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, May 10th.

Enterprise Bancorp has raised its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 6 consecutive years.

Enterprise Bancorp stock opened at $30.50 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45. The company has a market cap of $361.16 million, a price-to-earnings ratio of 12.18 and a beta of 0.74. Enterprise Bancorp has a fifty-two week low of $26.96 and a fifty-two week high of $44.14.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Thursday, April 18th. The savings and loans company reported $0.74 earnings per share for the quarter. The business had revenue of $31.92 million for the quarter. Enterprise Bancorp had a return on equity of 12.55% and a net margin of 22.05%.

Separately, BidaskClub lowered shares of Enterprise Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd.

An institutional investor recently raised its position in Enterprise Bancorp stock. Geode Capital Management LLC grew its holdings in shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 95,768 shares of the savings and loans company’s stock after purchasing an additional 6,946 shares during the period. Geode Capital Management LLC owned approximately 0.82% of Enterprise Bancorp worth $3,079,000 as of its most recent SEC filing. Institutional investors own 27.61% of the company’s stock.

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Enterprise Bancorp Company Profile

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.

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Dividend History for Enterprise Bancorp (NASDAQ:EBTC)

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