Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 3,672 shares of Enterprise Bancorp stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $33.15, for a total value of $121,726.80. Following the transaction, the director now directly owns 316,518 shares in the company, valued at $10,492,571.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Enterprise Bancorp Inc. (NASDAQ:EBTC) traded down 0.75% on Friday, reaching $32.89. The company’s stock had a trading volume of 3,225 shares. The stock has a 50 day moving average of $28.56 and a 200-day moving average of $25.44. Enterprise Bancorp Inc. has a 12 month low of $20.01 and a 12 month high of $33.62. The firm has a market cap of $376.56 million, a price-to-earnings ratio of 19.13 and a beta of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.57%. Enterprise Bancorp’s payout ratio is currently 30.23%.
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