Revenue Update on Enterprise Bancorp Inc(NASDAQ:EBTC)

Enterprise Bancorp Inc(NASDAQ:EBTC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Earnings per share were $0.45.

Enterprise Bancorp Inc (EBTC) made into the market gainers list on Wednesdays trading session with the shares advancing 1.17% or 0.28 points. Due to strong positive momentum, the stock ended at $24.23, which is also near the day’s high of $24.9. The stock began the session at $23.93 and the volume stood at 10,892 shares. The 52-week high of the shares is $25.5 and the 52 week low is $18.482517. The company has a current market capitalization of $254 M and it has 1,04,74,757 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, Chester J Jr Szablak (EVP – Principal Subsidiary) purchased 1,326 shares at $21.50 per share price.Also, On Jun 23, 2016, Mike A Spinelli (director) purchased 10,072 shares at $21.50 per share price.On Jun 23, 2016, Diane J Silva (EVP – Principal Subsidiary) purchased 754 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Enterprise Bancorp Inc. operates as the parent holding company of Enterprise Bank and Trust Company (the Bank). The Company 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 Company also offers investment advisory and wealth management trust and insurance services. As of December 31 2014 the Company’s total investments amounted to $245.1 million; total deposits excluding brokered deposits amounted to $1.68 billion and wholesale funding amounted to $144.1 million. It offers lending services to business entities non-profit organizations professionals and individuals.

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