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| Snag Shares of EBTC Cheaper Than the CFO DidBy Dividend Channel Staff, Thursday, March 7, 10:03 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 28, Enterprise Bancorp, Inc.'s CFO, Joseph R. Lussier, invested $34,966.80 into 1,320 shares of EBTC, for a cost per share of $26.49. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) and achieve a cost basis even cheaper than Lussier, with shares changing hands as low as $26.45 per share. Enterprise Bancorp, Inc. shares are currently trading off about 1.7% on the day. The chart below shows the one year performance of EBTC shares, versus its 200 day moving average:
Looking at the chart above, EBTC's low point in its 52 week range is $25 per share, with $35.87 as the 52 week high point — that compares with a last trade of $26.64. By comparison, below is a table showing the prices at which EBTC insider buying was recorded over the last six months:
The current annualized dividend paid by Enterprise Bancorp, Inc. is $0.96/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/08/2024. Below is a long-term dividend history chart for EBTC, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.
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