Enterprise Bancorp Inc /ma/ (EBTC) Files Form 4 Insider Buying : Stephen J Irish Buys 364 Shares

Enterprise Bancorp Inc /ma/ (EBTC): Stephen J Irish , EVP – Principal Subsidiary of Enterprise Bancorp Inc /ma/ purchased 364 shares on Jun 21, 2016. The Insider buying transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $21.50 per share for a total value of $7,826.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Marlene P Hoyt (EVP-Principal Subsidiary) purchased 277 shares at $21.50 per share price.On Jun 23, 2016, John T Jr Grady (director) purchased 2,325 shares at $21.50 per share price.Also, On Jun 23, 2016, George L Duncan (Chairman) purchased 4,650 shares at $21.50 per share price.On Jun 23, 2016, Normand E Deschene (director) purchased 262 shares at $21.50 per share price.

Shares of Enterprise Bancorp Inc (EBTC) ended Tuesday, Jun 21, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -0.79% at $25.12 with 11,422 shares getting traded. Post opening the session at $25.28, the shares hit an intraday low of $25 and an intraday high of $25.4 and the price vacillated in this range throughout the day. The company has a market cap of $263 M and the number of outstanding shares has been calculated to be 1,04,74,757 shares. The 52-week high of Enterprise Bancorp Inc is $25.5 and the 52-week low is $18.482517.

Enterprise Bancorp Inc Money Flow Index Chart

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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