Insder Trading Filing: Eric Hanson Sold 25000 shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) in an Insider Trade

November 23, 2016 - By Nellie Frank

Insder Trading Filing: Eric Hanson Sold 25000 shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) in an Insider Trade

Eric Hanson Insider Sell

Company insider, Eric Hanson, director of Enterprise Bancorp Inc sold a total of 25,000 shares of the company, based on an average price of $33.0 of a share. It seems he is very active lately as in the last month, he silently unloaded additional 19,832 shares of the company, worth $546,685 USD. Eric now owns 320,190 shares accounting for 2.83% of the Company’s market cap Details about the deal dated 23/11/2016, could be found on hand in a legal form on the SEC website here.

Insitutional Activity: The institutional sentiment increased to 4.33 in Q2 2016. Its up 0.63, from 3.7 in 2016Q1. The ratio is positive, as 3 funds sold all Enterprise Bancorp, Inc shares owned while 7 reduced positions. 3 funds bought stakes while 34 increased positions. They now own 3.49 million shares or 110.87% more from 1.66 million shares in 2016Q1.

New York State Common Retirement Fund has invested 0% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC). Panagora Asset Management holds 0% or 1,030 shares in its portfolio. Silvercrest Asset Mngmt Grp Ltd Limited Liability Company holds 13,890 shares or 0% of its portfolio. Schwab Charles Inv Management Incorporated holds 14,531 shares or 0% of its portfolio. Wellington Mngmt Grp Inc Llp has 110,497 shares for 0% of their US portfolio. Foster Dykema Cabot Ma accumulated 31,306 shares or 0.18% of the stock. Moreover, Nationwide Fund Advisors has 0% invested in Enterprise Bancorp, Inc (NASDAQ:EBTC) for 5,696 shares. Blackrock has 0% invested in the company for 1,283 shares. Deere & Company holds 0.01% or 10,832 shares in its portfolio. Blackrock Fund Advsr has 0% invested in the company for 215,900 shares. Geode Mngmt Ltd Limited Liability Company reported 37,123 shares or 0% of all its holdings. Tower Rech Limited Liability Com (Trc) owns 2,105 shares or 0% of their US portfolio. The Massachusetts-based Rhumbline Advisers has invested 0% in Enterprise Bancorp, Inc (NASDAQ:EBTC). State Street last reported 114,681 shares in the company. Of Vermont, a Vermont-based fund reported 1,253 shares.

Insider Transactions: Since August 22, 2016, the stock had 3 buys, and 4 insider sales for $701,284 net activity. Another trade for 1,200 shares valued at $27,790 was made by DUNCAN GEORGE L on Monday, August 22. HANSON ERIC W also sold $165,258 worth of Enterprise Bancorp, Inc (NASDAQ:EBTC) on Tuesday, October 25. The insider KING MARY JANE bought 200 shares worth $5,008. 180 Enterprise Bancorp, Inc (NASDAQ:EBTC) shares with value of $4,647 were bought by PUTZIGER MICHAEL T. Shares for $1,498 were bought by PEDROSO LUIS M.

About 6,275 shares traded hands. Enterprise Bancorp, Inc (NASDAQ:EBTC) has risen 37.01% since April 21, 2016 and is uptrending. It has outperformed by 31.68% the S&P500.

Enterprise Bancorp, Inc. operates as the parent holding firm of Enterprise Bank and Trust Company . The company has a market cap of $380.32 million. The Firm is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders. It has a 19.16 P/E ratio. Through the Bank and its subsidiaries, it offers a range of commercial and consumer loan products, deposit products and cash management services.

According to Zacks Investment Research, “Enterprise Bancorp is the holding company for Enterprise Bank and Trust Company. The bank has two wholly owned subsidiaries, Enterprise Insurance Services LLC and Enterprise Investment Services LLC, organized for the purpose of engaging in insurance sales activities and offering non-deposit investment products and related securities brokerage services to its customers.”

Analysts await Enterprise Bancorp, Inc (NASDAQ:EBTC) to report earnings on January, 26.

Another recent and important Enterprise Bancorp, Inc (NASDAQ:EBTC) news was published by Globenewswire.com which published an article titled: “Enterprise Bancorp, Inc. Announces Rights and Community-Based Common Stock ..” on April 21, 2016.

EBTC Company Profile

Enterprise Bancorp, Inc., incorporated on February 29, 1996, operates as the parent holding firm of Enterprise Bank and Trust Company (the Bank). The Firm is engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities and utilizing the resulting cash flows to conduct operations, expand the branch network, and pay dividends to stockholders. Through the Bank and its subsidiaries, the Company offers a range of commercial and consumer loan products, deposit products and cash management services. The Firm also offers investment advisory and wealth management, trust and insurance services.

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