Enterprise Bancorp (NASDAQ:EBTC) Posts Quarterly Earnings Results

Enterprise Bancorp (NASDAQ:EBTC) posted its quarterly earnings data on Thursday. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $43.88 million during the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Price Performance

EBTC stock opened at $35.03 on Friday. The firm has a market cap of $436.44 million, a P/E ratio of 11.23 and a beta of 0.56. The firm’s fifty day moving average is $39.12 and its 200 day moving average is $38.18. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. Enterprise Bancorp’s payout ratio is 32.05%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Enterprise Bancorp in a research note on Friday. They set a “hold” rating for the company.

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.