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

Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Investors of record on Monday, May 12th will be given a dividend of 0.25 per share by the savings and loans company on Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.88%.

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

Enterprise Bancorp Stock Performance

Shares of NASDAQ:EBTC traded up $0.59 during trading on Tuesday, hitting $34.75. The stock had a trading volume of 26,025 shares, compared to its average volume of 28,455. The stock has a 50-day simple moving average of $39.83 and a two-hundred day simple moving average of $38.18. The stock has a market capitalization of $432.95 million, a price-to-earnings ratio of 11.14 and a beta of 0.56. Enterprise Bancorp has a 12-month low of $22.60 and a 12-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.

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 net margin of 15.30% and a return on equity of 11.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Enterprise Bancorp in a report on Thursday, April 10th. They set 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.