Enterprise Bancorp, Inc. (NASDAQ:EBTC) to Issue Dividend Increase – $0.25 Per Share

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.25 per share by the savings and loans company on Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24.

Enterprise Bancorp has raised its dividend by an average of 9.1% annually over the last three years.

Enterprise Bancorp Price Performance

Shares of EBTC stock opened at $43.77 on Friday. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.41. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $40.55 and its 200-day moving average is $34.78. The firm has a market capitalization of $544.06 million, a price-to-earnings ratio of 14.03 and a beta of 0.54.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a report on Wednesday. They set a “hold” rating for the company.

About Enterprise Bancorp

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.