Enterprise Bancorp, Inc. (EBTC) To Go Ex-Dividend on February 10th

Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders 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 boost from Enterprise Bancorp’s previous quarterly dividend of $0.24.

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

Enterprise Bancorp Stock Performance

Shares of Enterprise Bancorp stock opened at $41.89 on Thursday. The company has a 50 day moving average of $39.09 and a 200-day moving average of $33.46. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $44.08. 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 company has a market cap of $520.69 million, a PE ratio of 14.44 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a research note on Monday. They issued 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.