Enterprise Bancorp Inc (NASDAQ:EBTC) dividends of $0.15 are projected for the near future; this is why.

August 9, 2018 - By Victoria Pittman

Enterprise Bancorp, Inc. (NASDAQ:EBTC) LogoInvestors sentiment decreased to 1.4 in Q1 2018. Its down 0.24, from 1.64 in 2017Q4. It turned negative, as 2 investors sold Enterprise Bancorp, Inc. shares while 13 reduced holdings. 6 funds opened positions while 15 raised stakes. 2.20 million shares or 3.07% more from 2.13 million shares in 2017Q4 were reported.
Rech & Management stated it has 0.04% of its portfolio in Enterprise Bancorp, Inc. (NASDAQ:EBTC). Moreover, Financial Bank Of Ny Mellon has 0% invested in Enterprise Bancorp, Inc. (NASDAQ:EBTC). Schwab Charles Incorporated accumulated 17,331 shares. Northern Corp has 0% invested in Enterprise Bancorp, Inc. (NASDAQ:EBTC) for 104,145 shares. Royal National Bank & Trust Of Canada stated it has 400 shares or 0% of all its holdings. Bessemer Gru Incorporated has invested 0% in Enterprise Bancorp, Inc. (NASDAQ:EBTC). Basswood Cap Mgmt Ltd Liability Co owns 0.12% invested in Enterprise Bancorp, Inc. (NASDAQ:EBTC) for 80,743 shares. Alliancebernstein Limited Partnership holds 0% or 6,000 shares. State Common Retirement Fund stated it has 0% in Enterprise Bancorp, Inc. (NASDAQ:EBTC). Jpmorgan Chase And Com invested in 1,904 shares or 0% of the stock. 95,099 were reported by Wellington Gru Llp. Citigroup has invested 0% in Enterprise Bancorp, Inc. (NASDAQ:EBTC). Deutsche Comml Bank Ag stated it has 12,130 shares or 0% of all its holdings. California State Teachers Retirement reported 14,405 shares. Foster Dykema Cabot Ma has 31,306 shares.

Since March 1, 2018, it had 7 insider purchases, and 0 sales for $57,622 activity. 130 shares valued at $5,312 were bought by PUTZIGER MICHAEL T on Friday, June 1. $10,509 worth of stock was bought by KING MARY JANE on Tuesday, March 13.

Enterprise Bancorp Inc (NASDAQ:EBTC) is expected to pay $0.15 on Sep 4, 2018. Shareholders owning the stock before Aug 10, 2018 will be eligible to receive the payout. Based on Enterprise Bancorp Inc’s current price of $36.79, the dividend is 0.39 %. This dividend’s record date is Aug 13, 2018 and the announcement date is Jul 19, 2018. The stock increased 1.21% or $0.44 during the last trading session, reaching $36.79. About 6,077 shares traded. Enterprise Bancorp, Inc. (NASDAQ:EBTC) has risen 31.24% since August 9, 2017 and is uptrending. It has outperformed by 18.67% the S&P500.

Enterprise Bancorp, Inc. operates as the holding firm for Enterprise Bank and Trust Company that provides various banking services and products primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company has market cap of $430.26 million. The firm offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts. It has a 19.04 P/E ratio. It also provides commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans and lines of credit, and letters of credit; and conventional residential mortgage loans, home equity loans and lines, residential construction loans on primary and secondary residences, and secured and unsecured personal loans and lines of credit, as well as equipment lease financing services.

More recent Enterprise Bancorp, Inc. (NASDAQ:EBTC) news were published by: Globenewswire.com which released: “Enterprise Bancorp, Inc. Announces Quarterly Dividend” on July 17, 2018. Also Streetinsider.com published the news titled: “Form 8-K ENTERPRISE BANCORP INC For: Jul 17” on July 17, 2018. Nasdaq.com‘s news article titled: “Enterprise Bancorp, Inc. Announces Second Quarter 2018 Net Income of $7.6 Million” with publication date: July 19, 2018 was also an interesting one.

Enterprise Bancorp, Inc. (NASDAQ:EBTC) Institutional Positions Chart

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