Enterprise Bancorp, Inc. (NASDAQ:EBTC) Announces Quarterly Dividend of $0.25

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.25 per share by the savings and loans company on Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24.

Enterprise Bancorp has increased its dividend by an average of 9.1% per year over the last three years.

Enterprise Bancorp Stock Performance

Shares of EBTC traded up $1.07 during midday trading on Tuesday, reaching $42.52. 53,587 shares of the stock were exchanged, compared to its average volume of 46,832. The business’s 50-day moving average price is $38.90 and its 200 day moving average price is $33.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.08. The company has a market capitalization of $528.52 million, a price-to-earnings ratio of 14.66 and a beta of 0.54.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enterprise Bancorp in a report on Monday. 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.