Enterprise Bancorp, Inc. (EBTC) To Go Ex-Dividend on February 10th

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 paid 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 an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24.

Enterprise Bancorp has increased its dividend payment by an average of 9.1% per year over the last three years.

Enterprise Bancorp Stock Performance

NASDAQ EBTC opened at $43.77 on Friday. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $544.06 million, a P/E ratio of 14.03 and a beta of 0.54. The company’s 50-day simple moving average is $40.55 and its 200 day simple moving average is $34.78.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a research note on Wednesday. They issued a “hold” rating on the stock.

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.