Enterprise Bancorp (NASDAQ:EBTC) Releases Quarterly Earnings Results

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

Enterprise Bancorp Stock Down 0.4 %

EBTC traded down $0.17 during midday trading on Tuesday, hitting $42.53. 35,433 shares of the company’s stock traded hands, compared to its average volume of 43,437. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $528.65 million, a PE ratio of 14.67 and a beta of 0.54. The stock’s fifty day simple moving average is $39.41 and its 200-day simple moving average is $33.90. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.08.

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 paid a dividend of $0.25 per share. 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. Enterprise Bancorp’s dividend payout ratio (DPR) is 33.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a research note on Tuesday. They issued a “hold” rating for the company.

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.