Enterprise Bancorp (NASDAQ:EBTC) Announces Quarterly Earnings Results

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

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $42.21 on Thursday. 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 has a 52 week low of $22.60 and a 52 week high of $44.08. The stock’s 50-day moving average price is $39.67 and its 200-day moving average price is $34.08. The stock has a market capitalization of $524.67 million, a PE ratio of 14.56 and a beta of 0.54.

Enterprise Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is 33.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a research note on Tuesday. 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.