Today’s Dividend Alert: $0.13 just might be within reach for Enterprise Bancorp Inc (NASDAQ:EBTC) shareholder.

Today's Dividend Alert: $0.13 just might be within reach for Enterprise Bancorp Inc (NASDAQ:EBTC) shareholder.

Enterprise Bancorp Inc (NASDAQ:EBTC) is expected to pay $0.13 on Dec 1, 2016. The indicated annual dividend is $0.52. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Enterprise Bancorp Inc’s current price of $26.26, the dividend is 0.50%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 24, 2016. The stock decreased 0.53% or $0.14 on November 4, hitting $26.26. Enterprise Bancorp, Inc (NASDAQ:EBTC) has risen 5.04% since April 5, 2016 and is uptrending. It has outperformed by 3.08% the S&P500.

Enterprise Bancorp, Inc. operates as the parent holding firm of Enterprise Bank and Trust Company . The company has a market cap of $300.64 million. The Firm is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders. It has a 15.24 P/E ratio. Through the Bank and its subsidiaries, it offers a range of commercial and consumer loan products, deposit products and cash management services.

Insitutional Activity: The institutional sentiment increased to 3.7 in 2016 Q2. Its up 2.03, from 1.67 in 2016Q1. The ratio is positive, as 3 funds sold all Enterprise Bancorp, Inc shares owned while 7 reduced positions. 3 funds bought stakes while 34 increased positions. They now own 3.49 million shares or 110.87% more from 1.66 million shares in 2016Q1.
Panagora Asset Mngmt accumulated 0% or 1,030 shares. Citigroup last reported 1,057 shares in the company. California State Teachers Retirement holds 0% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC) for 17,560 shares. Teachers Advisors owns 12,465 shares or 0% of their US portfolio. The Massachusetts-based Wellington Mgmt Gp Llp has invested 0% in Enterprise Bancorp, Inc (NASDAQ:EBTC). Geode Capital Mngmt Ltd Liability Corporation last reported 0% of its portfolio in the stock. Tiaa Cref Invest Mngmt Limited Liability Company accumulated 26,642 shares or 0% of the stock. Sg Americas Secs Ltd Liability Com, a New York-based fund reported 11,269 shares. Nationwide Fund last reported 0% of its portfolio in the stock. Banc Funds Ltd Liability Corporation has 281,352 shares for 0.39% of their US portfolio. Foster Dykema Cabot Ma holds 0.18% or 31,306 shares in its portfolio. Morgan Stanley holds 0% or 5,144 shares in its portfolio. Deutsche Natl Bank Ag holds 1,354 shares or 0% of its portfolio. Rhumbline Advisers has 9,471 shares for 0% of their US portfolio. Blackrock Inv Mgmt Ltd Com last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 22, 2016, the stock had 3 buys, and 3 selling transactions for $319,857 net activity. The insider PEDROSO LUIS M bought 58 shares worth $1,498. 5,168 Enterprise Bancorp, Inc (NASDAQ:EBTC) shares with value of $137,962 were sold by HANSON ERIC W. KING MARY JANE bought $5,008 worth of stock. 180 shares with value of $4,647 were bought by PUTZIGER MICHAEL T on Thursday, September 1. DUNCAN GEORGE L had sold 1,200 shares worth $27,790.

Another recent and important Enterprise Bancorp, Inc (NASDAQ:EBTC) news was published by Globenewswire.com which published an article titled: “Enterprise Bancorp, Inc. Announces Rights and Community-Based Common Stock …” on April 21, 2016.

EBTC Company Profile

Enterprise Bancorp, Inc., incorporated on February 29, 1996, operates as the parent holding firm of Enterprise Bank and Trust Company (the Bank). The Firm is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders. Through the Bank and its subsidiaries, the Company offers a range of commercial and consumer loan products, deposit products and cash management services. The Firm also offers investment advisory and wealth management, trust and insurance services.

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