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Last $21.09 USD
Change Today -0.80 / -3.65%
Volume 740.0
EBTC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 9:55 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

enterprise bancorp inc (EBTC) Snapshot

Open
$21.47
Previous Close
$21.89
Day High
$21.47
Day Low
$21.09
52 Week High
12/31/14 - $26.12
52 Week Low
10/2/14 - $18.14
Market Cap
218.2M
Average Volume 10 Days
6.7K
EPS TTM
$1.45
Shares Outstanding
10.3M
EX-Date
08/7/15
P/E TM
14.5x
Dividend
$0.50
Dividend Yield
2.35%
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 various banking products and services primarily in the Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking accounts, 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 to employees of its business customers. It also provides commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans and 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 and lines of credit, as well as equipment lease financing services. In addition, the company offers cash management services; various investment advisory and management services, including customized investment management and trust services; and insurance products comprising property and casualty, employee benefits, and risk-management solutions. As of July 23, 2015, it 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, Tyngsborough, and Westford; and the New Hampshire towns of Derry, Hudson, Nashua, Pelham, and Salem. The company primarily serves business entities, non-profit organizations, professionals, and individuals. Enterprise Bancorp, Inc. 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 Appoint James F. Conway as Board Vice Chairman and Lead Director

Enterprise Bancorp, Inc. announced the election of James F. Conway, III to the positions of Board Vice Chairman and Lead Director for Enterprise Bancorp, Inc. and Enterprise Bank. Mr. Lerner will continue to serve as a Director, Chair of the Corporate Governance/Nominating Committee, and a member of the Executive, Asset-Liability, Enterprise Investment Advisors and Compensation Committees.

Enterprise Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Enterprise Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total interest and dividend income was $20,223,000 compared to $18,780,000 a year ago. Net interest income was $18,970,000 compared to $17,452,000 a year ago. Net interest income after provision for loan losses was $17,745,000 compared to $17,252,000 a year ago. Income before income taxes was $5,370,000 compared to $5,071,000 a year ago. Net income was $3,515,000 compared to $3,314,000 a year ago. Diluted earnings per share was $0.34 compared to $0.32 a year ago. The increase in net interest income was due primarily to loan growth, partially offset by a decrease in tax equivalent net interest margin. For the six months, the company's total interest and dividend income was $40,054,000 compared to $37,011,000 a year ago. Net interest income was $37,416,000 compared to $34,366,000 a year ago. Net interest income after provision for loan losses was $35,566,000 compared to $33,966,000 a year ago. Income before income taxes was $11,014,000 compared to $10,439,000 a year ago. Net income was $7,135,000 compared to $6,820,000 a year ago. Diluted earnings per share was $0.69 compared to $0.67 a year ago. Book value per share was $16.66 compared to $15.73 a year ago. Return on average total assets was 0.70% compared to 0.74% a year ago. Return on average stockholders' equity was 8.43% compared to 8.85% a year ago. The company's 2015 growth contributed to increases in quarterly and year-to-date net interest income, non-interest income, and non-interest expenses, as compared to the same periods in 2014. Quarter and year-to-date net income in 2015 was also impacted by increases in net gains on sales of investment securities and the provision for loan losses compared to the same 2014 periods.

Enterprise Bancorp, Inc. Declares Quarterly Dividend, Payable on September 1, 2015

On July 21, 2015, the Board of Directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.125 per share to be paid on September 1, 2015 to shareholders of record as of August 11, 2015. The 2015 dividend rate represents a 4.2% increase over the 2014 dividend rate.

 

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Valuation EBTC Industry Range
Price/Earnings 14.6x
Price/Sales 2.5x
Price/Book 1.3x
Price/Cash Flow 14.6x
TEV/Sales 1.0x
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