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Last $21.50 USD
Change Today -0.58 / -2.63%
Volume 7.5K
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

enterprise bancorp inc (EBTC) Snapshot

Open
$21.88
Previous Close
$22.08
Day High
$21.88
Day Low
$21.50
52 Week High
12/31/14 - $26.12
52 Week Low
04/25/14 - $18.00
Market Cap
220.5M
Average Volume 10 Days
5.1K
EPS TTM
$1.43
Shares Outstanding
10.3M
EX-Date
02/5/15
P/E TM
15.0x
Dividend
$0.50
Dividend Yield
2.26%
Current Stock Chart for ENTERPRISE BANCORP INC (EBTC)

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enterprise bancorp inc (EBTC) Details

Enterprise Bancorp, Inc. operates as the bank holding company for Enterprise Bank and Trust Company that provides banking and other financial services primarily in the Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company 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 earning interest or reward points, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts to employees of its business customers. It also provides commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans, lines of credit, and standby 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, as well as equipment lease financing services. In addition, the company offers cash management services; investment advisory and management services, including customized investment management and trust services under the enterprise investment advisors label; and insurance products, such as property and casualty, employee benefits, and risk-management solutions. As of May 6, 2014, Enterprise Bancorp, Inc. had 22 full-service branch offices located in the Massachusetts cities and towns of Lowell, Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Methuen, Tewksbury, Tyngsboro, and Westford; and in Hudson, Nashua, Pelham, Salem, and Derry, New Hampshire. It primarily serves business entities, non-profit organizations, professionals, and individuals. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.

412 Employees
Last Reported Date: 03/13/15
Founded in 1989

enterprise bancorp inc (EBTC) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $454.9K
President, Director, Chairman of Executive Co...
Total Annual Compensation: $258.4K
Executive Chairman, Member of Executive Commi...
Total Annual Compensation: $362.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $203.1K
Chief Operations Officer of Enterprise Bank &...
Total Annual Compensation: $203.1K
Compensation as of Fiscal Year 2014.

enterprise bancorp inc (EBTC) Key Developments

Enterprise Bancorp Inc. and Enterprise Bank and Trust Company, Inc. Announce Retirement of Directors

On March 17, 2015, John P. Harrington, a director of Enterprise Bancorp, Inc. and Enterprise Bank & Trust Company since 1989, and Lucy A. Flynn, a director of the company and the Bank since 1997, notified the company of their respective decision to retire from the Board of Directors of each of the company and the Bank effective following the completion of the company's 2015 Annual Meeting of Stockholders.

Enterprise Bancorp Inc. Announces Private Placement of Subordinated Notes

Enterprise Bancorp Inc. announced that it has issued $15.0 million in aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes Due 2030 through a private placement to an accredited investor. The Notes, which are intended to qualify as Tier 2 capital for regulatory purposes, are due on January 30, 2030 and are callable by the Company, subject to regulatory approval, at a premium beginning January 30, 2020 and at par beginning January 30, 2025. The Notes pay interest at a fixed rate of 6.00% per annum through January 30, 2025 and beginning on January 31, 2025 through the Maturity Date or any early redemption date, the interest rate on the Notes will adjust monthly at an interest rate of 3.90% plus 30-day LIBOR.

Enterprise Bancorp Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014

Enterprise Bancorp Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total interest and dividend income of $20,068,000, net interest income of $18,772,000, income before income taxes of $6,045,000, net income of $4,000,000 or $0.39 per diluted share, compared to the total interest and dividend income of $18,525,000, net interest income of $17,212,000, income before income taxes of $5,137,000, net income of $3,484,000 or $0.35 per diluted share for the same quarter a year ago. For the year, the company reported total interest and dividend income of $76,473,000, net interest income of $71,230,000, income before income taxes of $22,236,000, net income of $14,651,000 or $1.44 per diluted share, compared to the total interest and dividend income of $71,122,000, net interest income of $65,791,000, income before income taxes of $20,480,000, net income of $13,529,000 or $1.36 per diluted share for the previous year. Book value per share was $16.35 compared to $15.14 a year ago. Return on average total assets was 0.76% compared to 0.78% a year ago. Return on average stockholders' equity was 9.20% compared to 9.32% a year ago.

 

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Valuation EBTC Industry Range
Price/Earnings 15.0x
Price/Sales 2.6x
Price/Book 1.3x
Price/Cash Flow 15.1x
TEV/Sales 1.5x
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