Enterprise Bancorp (NASDAQ:EBTC) Issues Quarterly Earnings Results

Enterprise Bancorp (NASDAQ:EBTC) announced its 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

EBTC opened at $42.53 on Wednesday. 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 stock has a market capitalization of $528.65 million, a P/E ratio of 14.67 and a beta of 0.54. The stock has a 50-day moving average price of $39.54 and a 200-day moving average price of $34.02. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.08.

Enterprise Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.35%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 33.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Enterprise Bancorp in a research report on Tuesday. They issued 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.