A Director at Enterprise Bancorp (NASDAQ: EBTC) is Buying Shares

Today, a Director at Enterprise Bancorp (EBTCResearch Report), Luis Pedroso, bought shares of EBTC for $1,964.

Following Luis Pedroso’s last EBTC Buy transaction on September 05, 2019, the stock climbed by 2.5%. In addition to Luis Pedroso, 2 other EBTC executives reported Buy trades in the last month.

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Based on Enterprise Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $39.02 million and quarterly net profit of $9 million. In comparison, last year the company earned revenue of $35.07 million and had a net profit of $7.98 million. The company has a one-year high of $36.00 and a one-year low of $26.85. EBTC’s market cap is $368.1M and the company has a P/E ratio of 11.51.

In the last 30 days, insiders have sold $9,433 worth of EBTC shares and purchased $7,859 worth of EBTC shares. The insider sentiment on Enterprise Bancorp has been negative according to 89 insider trades in the past three months. This sentiment is lower 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.