Inside Transaction: Eric Hanson Sold 1,170 Shares of Enterprise Bancorp, Inc (NASDAQ:EBTC)

November 30, 2016 - By Dolores Ford

Inside Transaction: Eric Hanson Sold 1,170 Shares of Enterprise Bancorp, Inc (NASDAQ:EBTC)

Eric Hanson Insider Sell

Enterprise Bancorp Inc director and an insider Eric Hanson not a long ago made a sale of 1,170 company shares having a worth of $38,908 at the average share price of $33.3. Eric is trying to quietly decrease his company’s share, same as he did in the last month. He sold another 42,504 shares worth $1,328,229 USD. This deal was reported on November 30, 2016 and is already filed with the D.C. based-SEC. The legal 4F filing is available to the public here. Due to the size of the transaction there is little chance that it will stay unseen. Eric Hanson currently owns 315,348 shares or 2.73% of Enterprise Bancorp Inc’s market cap.

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.

Tiaa Cref Invest Mngmt Limited Com, a New York-based fund reported 26,642 shares. Parkside Bancshares Tru accumulated 1,793 shares or 0.02% of the stock. Rhumbline Advisers last reported 0% of its portfolio in the stock. Denali Advisors Ltd Com accumulated 104 shares or 0% of the stock. Morgan Stanley owns 5,144 shares or 0% of their US portfolio. holds 0% or 4,830 shares in its portfolio. Geode Cap Mgmt Ltd Liability Co has invested 0% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC). California Pub Employees Retirement reported 14,681 shares or 0% of all its holdings. Bankshares Of Ny Mellon reported 27,474 shares or 0% of all its holdings. Schwab Charles Inv Mngmt holds 0% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC) for 14,531 shares. Wellington Gp Llp holds 0% or 110,497 shares in its portfolio. Blackrock Limited Co has invested 0% of its portfolio in Enterprise Bancorp, Inc (NASDAQ:EBTC). The Texas-based Bridgeway Capital has invested 0.04% in Enterprise Bancorp, Inc (NASDAQ:EBTC). Ny State Common Retirement Fund owns 11,000 shares or 0% of their US portfolio. California State Teachers Retirement Sys accumulated 17,560 shares or 0% of the stock.

Insider Transactions: Since August 22, 2016, the stock had 3 insider purchases, and 6 sales for $1.65 million net activity. On Tuesday, September 6 the insider HANSON ERIC W sold $137,962. DUNCAN GEORGE L sold $27,790 worth of stock. $5,008 worth of shares were bought by KING MARY JANE on Wednesday, August 31. Another trade for 180 shares valued at $4,647 was bought by PUTZIGER MICHAEL T. $1,498 worth of shares were bought by PEDROSO LUIS M on Thursday, September 1.

About 1,142 shares traded hands. Enterprise Bancorp, Inc (NASDAQ:EBTC) has risen 32.31% since April 27, 2016 and is uptrending. It has outperformed by 27.08% 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 $378.64 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 19.11 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 Rights and Community-Based Common Stock ..” on April 21, 2016. Globenewswire.com‘s article titled: “Enterprise Bancorp, Inc. Announces Successful Completion of Its $20 Million ..” and published on June 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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