Enterprise Bancorp (NASDAQ:EBTC) Issues Quarterly Earnings Results

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

Enterprise Bancorp Trading Down 0.4 %

Enterprise Bancorp stock traded down $0.17 during mid-day trading on Tuesday, hitting $42.53. 35,433 shares of the company’s stock were exchanged, compared to its average volume of 43,437. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.08. 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 firm has a market capitalization of $528.65 million, a P/E ratio of 14.67 and a beta of 0.54. The company’s 50 day simple moving average is $39.41 and its 200-day simple moving average is $33.90.

Enterprise Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. Enterprise Bancorp’s payout ratio is 33.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a report on Tuesday. They set a “hold” rating on the stock.

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.