Enterprise Bancorp (NASDAQ:EBTC) Shares Cross Below Two Hundred Day Moving Average of $26.68

Enterprise Bancorp, Inc. (NASDAQ:EBTC)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.68 and traded as low as $24.23. Enterprise Bancorp shares last traded at $24.88, with a volume of 165,428 shares trading hands.

Enterprise Bancorp Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.37. The firm has a market cap of $308.01 million, a price-to-earnings ratio of 8.55 and a beta of 0.58. The stock has a 50-day moving average of $24.56 and a two-hundred day moving average of $26.66.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.69 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.28% and a net margin of 15.80%. The business had revenue of $40.69 million during the quarter.

Enterprise Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.96 dividend on an annualized basis and a yield of 3.86%. Enterprise Bancorp’s payout ratio is presently 32.99%.

Institutional Investors Weigh In On Enterprise Bancorp

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in Enterprise Bancorp by 18.9% during the 4th quarter. SG Americas Securities LLC now owns 5,256 shares of the savings and loans company’s stock worth $170,000 after acquiring an additional 835 shares during the period. Private Advisor Group LLC acquired a new stake in Enterprise Bancorp during the 4th quarter worth about $212,000. BNP Paribas Financial Markets lifted its holdings in shares of Enterprise Bancorp by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock valued at $354,000 after buying an additional 3,284 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Enterprise Bancorp by 15.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock valued at $479,000 after buying an additional 2,000 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Enterprise Bancorp during the 1st quarter valued at about $526,000. 38.93% of the stock is currently owned by institutional investors and hedge funds.

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.