Insider Filing Note: Eric Hanson Sold 3672 shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) in an Insider Trade

November 25, 2016 - By Clifton Ray

Insider Filing Note: Eric Hanson Sold 3672 shares of Enterprise Bancorp, Inc (NASDAQ:EBTC) in an Insider Trade

Eric Hanson Insider Sell

Eric Hanson, director of Enterprise Bancorp Inc, in an insider selling made a sale of 3,672 shares whose amount is estimated to be $121,727 at average stock price of $33.2. In the last 30 days, he also unloaded 44,832 shares valued at $1,371,760 USD. Eric Hanson presently owns 316,518 shares or 2.78% of Enterprise Bancorp Inc’s market cap.

Insitutional Activity: The institutional sentiment increased to 4.33 in 2016 Q2. Its up 0.63, from 3.7 in 2016Q1. The ratio improved, 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.

Silvercrest Asset Mngmt Gru Limited Liability Co has 13,890 shares for 0% of their US portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Moreover, Teachers Advsrs Inc has 0% invested in Enterprise Bancorp, Inc (NASDAQ:EBTC) for 12,465 shares. Rech And has invested 0.03% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC). Foster Dykema Cabot And Communications Ma has 0.18% invested in the company for 31,306 shares. Blackrock Advsr Limited Liability accumulated 0% or 4,158 shares. State Street holds 0% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC) for 114,681 shares. Blackrock Fund owns 215,900 shares or 0% of their US portfolio. Sg Americas Secs Ltd Liability Company has 0% invested in the company for 11,269 shares. Renaissance Technologies Llc accumulated 0% or 17,500 shares. Raymond James Services Advisors holds 0% or 19,048 shares in its portfolio. Natl Bank Of America De last reported 1,361 shares in the company. Blackrock Mgmt Limited Liability Company last reported 32,137 shares in the company. Bridgeway Capital last reported 0.04% of its portfolio in the stock. Commonwealth Equity Service holds 0.02% or 85,097 shares in its portfolio.

Insider Transactions: Since August 22, 2016, the stock had 3 insider buys, and 5 sales for $1.53 million net activity. 6,000 shares with value of $165,258 were sold by HANSON ERIC W on Tuesday, October 25. 1,200 shares with value of $27,790 were sold by DUNCAN GEORGE L on Monday, August 22. The insider KING MARY JANE bought 200 shares worth $5,008. 180 shares with value of $4,647 were bought by PUTZIGER MICHAEL T on Thursday, September 1. PEDROSO LUIS M also bought $1,498 worth of Enterprise Bancorp, Inc (NASDAQ:EBTC) on Thursday, September 1.

About 412 shares traded hands. Enterprise Bancorp, Inc (NASDAQ:EBTC) has risen 40.84% since April 22, 2016 and is uptrending. It has outperformed by 35.43% 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 $375.11 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.

More news for Enterprise Bancorp, Inc (NASDAQ:EBTC) were recently published by: Globenewswire.com, which released: “Enterprise Bancorp, Inc. Announces Successful Completion of Its $20 Million ..” on June 21, 2016. Globenewswire.com‘s article titled: “Enterprise Bancorp, Inc. Announces Rights and Community-Based Common Stock ..” and published on April 21, 2016 is yet another important article.

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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