Today it was reported that the EVP-Principal Subsidiary of Enterprise Bancorp Inc (EBTC), Michael John Gallagher, exercised options to buy 243 EBTC shares at $21.03 a share, for a total transaction value of $5,110.
This recent transaction increases Michael John Gallagher’s holding in the company by 2.65% to a total of $280K. In addition to Michael John Gallagher, 2 other EBTC executives reported Buy trades in the last month.
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Based on Enterprise Bancorp Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $33.21 million and quarterly net profit of $6.5 million. In comparison, last year the company earned revenue of $32.56 million and had a net profit of $6.83 million. EBTC’s market cap is $348.8M and the company has a P/E ratio of 12.16. Currently, Enterprise Bancorp Inc has an average volume of 697.
The insider sentiment on Enterprise Bancorp Inc has been positive according to 102 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Enterprise Bancorp, Inc. is a bank holding company, which operates through its subsidiary, Enterprise Bank that engages in the provision of gathering deposits. It operates through the following portfolio segments: Commercial Real Estate; Commercial and Industrial; Commercial Construction; Residential Mortgages; Home Equity Loans and Lines; and Consumer.
