Enterprise Bancorp (NASDAQ:EBTC) Posts Quarterly Earnings Results

Enterprise Bancorp (NASDAQ:EBTC) issued its quarterly earnings results on Tuesday. The savings and loans company reported $0.86 earnings per share for the quarter, Zacks reports. Enterprise Bancorp had a net margin of 14.53% and a return on equity of 10.48%.

Enterprise Bancorp Price Performance

Shares of Enterprise Bancorp stock traded down $0.17 during midday trading on Tuesday, hitting $42.53. 35,433 shares of the company traded hands, compared to its average volume of 43,537. The firm’s fifty day moving average price is $39.41 and its 200-day moving average price is $33.90. The stock has a market cap of $528.65 million, a price-to-earnings ratio of 14.67 and a beta of 0.54. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.35%. Enterprise Bancorp’s payout ratio is presently 33.10%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a research note on Tuesday. They set a “hold” rating for the company.

Enterprise Bancorp Company Profile

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.