Enterprise Bancorp (NASDAQ:EBTC) Announces Earnings Results

Enterprise Bancorp (NASDAQ:EBTC) posted its earnings results on Thursday. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter, Zacks reports. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Price Performance

EBTC traded up $0.15 on Thursday, reaching $35.03. The company had a trading volume of 30,183 shares, compared to its average volume of 28,537. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.41. The company has a market cap of $436.44 million, a price-to-earnings ratio of 11.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day simple moving average of $39.46 and a 200 day simple moving average of $38.14.

Enterprise Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, May 12th. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Enterprise Bancorp in a research note on Thursday, April 10th. 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.