Enterprise Bancorp, Inc. (NASDAQ:EBTC) to Issue Quarterly Dividend of $0.25

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24.

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

Enterprise Bancorp Stock Performance

Shares of EBTC stock opened at $41.89 on Thursday. The stock has a market capitalization of $520.69 million, a P/E ratio of 14.44 and a beta of 0.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $39.09 and its 200 day moving average is $33.46. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.80 EPS for the quarter. The company had revenue of $66.28 million for the quarter. Enterprise Bancorp had a net margin of 14.53% and a return on equity of 10.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a report on Monday. 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.