Enterprise Bancorp (NASDAQ:EBTC) Announces Quarterly Earnings Results

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) posted 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 net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Price Performance

Shares of EBTC traded down $0.27 during midday trading on Friday, reaching $42.47. The stock had a trading volume of 33,711 shares, compared to its average volume of 42,690. 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 capitalization of $527.90 million, a price-to-earnings ratio of 13.62 and a beta of 0.54. The company's 50-day moving average is $39.79 and its 200 day moving average is $34.14. 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 30.77%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a research report on Tuesday. They set a "hold" rating on the stock.

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.