Enterprise Bancorp

Enterprise Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Enterprise Bank. It offers personal and business banking which consists of business and personal checking accounts, personal and business savings accounts, mortgages loans, personal loans, and cash management solutions. The company was founded by George L. Duncan in 1996 and is headquartered in Lowell, MA.

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LOWELL, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended March 31, 2024. Net income amounted to $8.5 million, or $0.69 per diluted common share, for the three months ended March 31, 2024, compared to $7.9 million, or $0.64 per diluted share, for the three months ended December 31, 2023 and $10.8 million, or $0.88 per diluted share, for the three months ended March 31, 2023.

Enterprise Bancorp, Inc. Announces First Quarter Financial Results

LOWELL, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC) On April 16, 2024, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.24 per share to be paid on June 3, 2024, to shareholders of record as of May 13, 2024.

Enterprise Bancorp, Inc. Announces Quarterly Dividend

Enterprise Bancorp has been unjustly punished in the sell-off of regional banks and is trading at a nearly 10-year low valuation. The bank has a resilient business model and has remained profitable for 137 consecutive quarters. The decrease in interest rates and the market shifting its focus on the bank's fundamentals are likely to benefit EBTC in the future.

Enterprise Bancorp: A Great Stock For Lower Interest Rates

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LOWELL, Mass., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months and year ended December 31, 2023. Net income amounted to $7.9 million, or $0.64 per diluted common share, for the three months ended December 31, 2023, compared to $12.3 million, or $1.01, for the three months ended December 31, 2022. Net income for the year ended December 31, 2023, amounted to $38.1 million, or $3.11 per diluted common share, compared to $42.7 million, or $3.52 per diluted common share, for the year ended December 31, 2022.

Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results

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In the current environment, interest rates are rising while inflationary pressures are mounting due to spiking commodity prices and other inputs, including labor and freight. Higher interest rates can have differing impacts on different groups of stocks.

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LOWELL, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended September 30, 2023. Net income amounted to $9.7 million, or $0.79 per diluted common share, for the three months ended September 30, 2023, compared to $12.0 million, or $0.98, for the three months ended September 30, 2022 and $9.7 million, or $0.79, for the three months ended June 30, 2023.

Enterprise Bancorp, Inc. Announces Third Quarter Financial Results

Enterprise Bancorp has grown its earnings per share 39% since my first article, but its stock has underperformed the S&P 500 due to negative market sentiment towards regional banks. The bank has proven resilience during economic downturns and has a conservative management. Enterprise Bancorp is trading at a 10-year low valuation level and offers a 10-year-high dividend yield, making it an attractive investment opportunity.

Enterprise Bancorp Has Become Extremely Cheap

LOWELL, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three and six months ended June 30, 2023.

Enterprise Bancorp, Inc. Announces Second Quarter Financial Results

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Lowell, Massachusetts based Enterprise Bancorp, Inc. (NASDAQ: EBTC or “the company”). Moreover, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary bank, Enterprise Bank and Trust Company. The Outlook for all long-ter.

KBRA Affirms Ratings for Enterprise Bancorp, Inc.

Enterprise Bancorp is a well-capitalized, conservatively managed regional bank with potential for growth, despite recessionary fears and risks from the commercial real estate market. The bank has a high proportion of commercial real estate loans, which could lead to major losses if property values decline significantly. Investors should consider the risks of bank runs, recessionary risks, and commercial real estate contagion before investing in EBTC.

Enterprise Bancorp: Are Regional Banks Undervalued, Or On The Brink Of Implosion?

Enterprise Bancorp has outperformed the S&P 500 by a wide margin since I first recommended purchasing the stock. However, the stock remains cheaply valued, as it is trading at a nearly 10-year low price-to-earnings ratio of 10.1.

Enterprise Bancorp Remains A Great Bargain

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Due to its boring business model and its small market capitalization, EBTC passes under the radar of most investors.

Revisiting My Bullish Thesis On Enterprise Bancorp

LOWELL, Mass., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended December 31, 2021, of $10.8 million, or $0.90 per diluted common share, compared to $9.9 million, or $0.82 per diluted common share, for the three months ended December 31, 2020. Net income for the year ended December 31, 2021, amounted to $42.2 million, or $3.50 per diluted common share, compared to $31.5 million, or $2.64 per diluted common share, for the year ended December 31, 2020.

Enterprise Bancorp, Inc. Announces 2021 Financial Results

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Despite its rally in the last six months, EBTC remains undervalued. EBTC is a well-managed bank, which has remained profitable for 126 consecutive quarters.

Despite Its Rally, Enterprise Bancorp Remains Undervalued

These dividend stocks can add their payouts to any capital appreciation for a powerful one-two punch to increase your portfolio. The post 3 Under-the-Radar Dividend Champions With 3%-Plus Yields appeared first on InvestorPlace.

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Enterprise Bancorp has a commercial real estate-focused portfolio. I was expecting a poor performance in 2020, but the bank performed remarkably well.

Enterprise Bancorp: Focusing On Commercial Real Estate Is Still Paying Off

LOWELL, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the year ended December 31, 2020 of $31.5 million, or $2.64 per diluted share, compared to $34.2 million, or $2.89 per diluted share, for the year ended December 31, 2019. Net income for the three months ended December 31, 2020 amounted to $9.9 million, or $0.82 per diluted share, compared to $8.7 million, or $0.74 per diluted share, for the three months ended December 31, 2019.

Enterprise Bancorp, Inc. Announces 2020 Financial Results

The financial sector has underperformed the broad market by a wide margin over the last 12 months due to the pandemic, which has caused material loan losses to most banks.

Enterprise Bancorp: A High-Quality Bank That Is Deeply Undervalued

LOWELL, Mass., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended September 30, 2020 of $10.3 million, or $0.87 per diluted share, compared to $9.0 million, or $0.76 per diluted share, for the three months ended September 30, 2019. Net income for the nine months ended September 30, 2020 amounted to $21.6 million, or $1.81 per diluted share, compared to $25.5 million, or $2.15 per diluted share, for the nine months ended September 30, 2019.

Enterprise Bancorp, Inc. Announces Third Quarter 2020 Financial Results

LOWELL, Mass., July  27, 2020  (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended June 30, 2020 of $7.3 million, or $0.61 per diluted share, compared to $7.8 million, or $0.66 per diluted share, for the three months ended June 30, 2019. Net income for the six months ended June 30, 2020 amounted to $11.3 million, or $0.95 per diluted share, compared to $16.5 million, or $1.39 per diluted share, for the six months ended June 30, 2019.

Enterprise Bancorp, Inc. Announces Second Quarter 2020 Net Income of $7.3 Million

News for Enterprise Bancorp Stock (EBTC)