Trade Report: The Insider Selling: Enterprise Bancorp Inc. (EBTC) Director Sold $825,000.00 in Stock

The Insider Selling: Enterprise Bancorp Inc. (EBTC) Director Sold $825,000.00 in Stock

Enterprise Bancorp Inc. (NASDAQ:EBTC) Director Eric W. Hanson sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $33.00, for a total transaction of $825,000.00. Following the completion of the sale, the director now owns 324,520 shares in the company, valued at $10,709,160. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Enterprise Bancorp Inc. (NASDAQ:EBTC) opened at 32.89 on Monday. Enterprise Bancorp Inc. has a one year low of $20.01 and a one year high of $33.62. The stock has a 50 day moving average of $28.80 and a 200-day moving average of $25.51. The firm has a market capitalization of $376.56 million, a price-to-earnings ratio of 19.13 and a beta of 0.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, November 8th. Enterprise Bancorp’s dividend payout ratio is presently 30.23%.

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