Enterprise Bancorp
Market Cap
US$332.9m
Last Updated
2019/10/14 01:56 UTC
Data Sources
Company Financials
Executive Summary
Enterprise Bancorp, Inc. operates as the holding company for Enterprise Bank and Trust Company that provides banking products and services primarily in the Greater Merrimack Valley, Nashoba Valley, and North Central regions of Massachusetts and Southern New Hampshire.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Enterprise Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
EBTC
1.4%
US Banks
1.0%
US Market
1 Year Return
-10.7%
EBTC
0.2%
US Banks
6.7%
US Market
Return vs Industry: EBTC underperformed the US Banks industry which returned 0.2% over the past year.
Return vs Market: EBTC underperformed the US Market which returned 6.7% over the past year.
Share holder returns
| EBTC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 1.4% | 1.0% |
| 30 Day | -8.2% | -2.6% | -1.8% |
| 90 Day | -5.1% | 0.8% | -1.8% |
| 1 Year | -8.9%-10.7% | 3.1%0.2% | 9.1%6.7% |
| 3 Year | 8.3%2.6% | 52.0%41.5% | 46.1%36.6% |
| 5 Year | 46.3%32.5% | 69.7%51.2% | 66.9%48.6% |
Price Volatility Vs. Market
How volatile is Enterprise Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Can You Imagine How Enterprise Bancorp's (NASDAQ:EBTC) Shareholders Feel About The 33% Share Price Increase?2 weeks ago | Simply Wall St
Are Insiders Buying Enterprise Bancorp, Inc. (NASDAQ:EBTC) Stock?4 weeks ago | Simply Wall St
Does The Enterprise Bancorp, Inc. (NASDAQ:EBTC) Share Price Fall With The Market?Valuation
Is Enterprise Bancorp undervalued based on future cash flows and its price relative to the stock market?
10.79x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Undervalued: EBTC ($28.46) is trading above our estimate of fair value ($26.47)
Significantly Undervalued: EBTC is trading above our estimate of fair value.
Price Based on Earnings
PE vs Industry: EBTC is good value based on its PE Ratio (10.8x) compared to the Banks industry average (12.5x).
PE vs Market: EBTC is good value based on its PE Ratio (10.8x) compared to the US market (17.5x).
Price Based on Expected Growth
Low PEG Ratio: Insufficient data to calculate EBTC's PEG Ratio to determine if it is good value.
Price Based on Value of Assets
PB vs Industry: EBTC is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Enterprise Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: EBTC's forecast earnings growth (3.5% per year) is above the savings rate (2.7%).
Earnings vs Market: EBTC's earnings (3.5% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: EBTC's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if EBTC's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if EBTC's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: Insufficient data to determine if EBTC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Enterprise Bancorp performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: EBTC's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: EBTC's earnings growth over the past year (36.8%) exceeds its 5-year average (16% per year).
Earnings vs Industry: EBTC earnings growth over the past year (36.8%) exceeded the Banks industry 31.8%.
Return on Equity
High ROE: EBTC's Return on Equity (11%) is considered low.
Return on Assets
ROA vs Industry: EBTC's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate EBTC's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Enterprise Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: EBTC has a low level of unsold assets or inventory.
Debt Coverage by Assets: EBTC's debt is covered by short term assets (assets are 13.515990x debt).
Financial Institutions Analysis
Asset Level: EBTC's level of assets compared to its equity is moderate.
Allowance for Bad Loans: EBTC has a sufficient allowance for bad loans.
Low Risk Liabilities: EBTC's liabilities are made up of primarily low risk sources of funding.
Loan Level: EBTC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EBTC's loans are broadly funded by customer deposits.
Level of Bad Loans: EBTC has an appropriate level of bad loans (0.5%)
Next Steps
Dividend
What is Enterprise Bancorp's current dividend yield, its reliability and sustainability?
2.25%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: EBTC's dividend (2.25%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: EBTC's dividend (2.25%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: EBTC's dividends per share have been stable in the past 10 years.
Growing Dividend: EBTC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.1%), EBTC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Enterprise Bancorp's salary, the management and board of directors tenure and is there insider trading?
7.1yrs
Average management tenure
CEO
Jack Clancy (61yo)
12.8yrs
Tenure
US$1,010,752
Compensation
Mr. John P. Clancy, Jr., also known as Jack, has been the Chief Executive Officer of Enterprise BanCorp., Inc. and Enterprise Bank and Trust Company, Inc. since January 1, 2007. Mr. Clancy served as the Ch ...
CEO Compensation Analysis
Compensation vs. Market: Jack's total compensation ($USD1.01M) is about average for companies of similar size in the US market ($USD1.85M).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.1yrs
Average Tenure
61yo
Average Age
Experienced Management: EBTC's management team is seasoned and experienced (7.1 years average tenure).
Board Age and Tenure
15.3yrs
Average Tenure
68yo
Average Age
Experienced Board: EBTC's board of directors are seasoned and experienced ( 15.3 years average tenure).
Insider Trading
Insider Buying: EBTC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 56 |
| Max Price | US$31.65 |
| Entity | Individual |
| Shares | 944 |
| Max Price | US$31.66 |
| Entity | Individual |
| Role | Member of the Board of Directors Assistant Secretary & Director |
| Shares | 65 |
| Max Price | US$29.84 |
| Entity | Individual |
| Shares | 196 |
| Max Price | US$29.84 |
| Entity | Individual |
| Role | Chairman of the Board Founder & Executive Chairman of the Board |
| Shares | 1,000 |
| Max Price | US$28.48 |
| Entity | Individual |
| Shares | 203 |
| Max Price | US$28.57 |
| Entity | Individual |
| Role | Member of the Board of Directors Assistant Secretary & Director |
| Shares | 67 |
| Max Price | US$28.57 |
| Entity | Individual |
| Role | Member of the Board of Directors Assistant Secretary & Director |
| Shares | 59 |
| Max Price | US$32.23 |
| Entity | Individual |
| Shares | 180 |
| Max Price | US$32.23 |
| Entity | Individual |
| Shares | 149 |
| Max Price | US$35.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Assistant Secretary & Director |
| Shares | 50 |
| Max Price | US$35.99 |
| Entity | Individual |
| Role | Chairman of the Board Founder & Executive Chairman of the Board |
| Shares | 1,000 |
| Max Price | US$30.00 |
| Entity | Individual |
| Shares | 3,203 |
| Max Price | US$31.16 |
Ownership Breakdown
Management Team
Jim Marcotte (61yo)
Senior Advisor
- Tenure: 0yrs
- Compensation: US$452.67k
George Duncan (79yo)
Founder & Executive Chairman of the Board
- Tenure: 23.8yrs
- Compensation: US$923.56k
Richard Main (72yo)
President & Director
- Tenure: 30.8yrs
- Compensation: US$649.83k
Jack Clancy (61yo)
CEO & Director
- Tenure: 12.8yrs
- Compensation: US$1.01m
Luis Pedroso (59yo)
Assistant Secretary & Director
- Tenure: 5.4yrs
- Compensation: US$50.72k
Joseph Lussier (49yo)
Executive VP
- Tenure: 0yrs
Steve Irish (64yo)
Executive VP
- Tenure: 0yrs
- Compensation: US$555.08k
John Koutsos (58yo)
Secretary & Director
- Tenure: 6.1yrs
- Compensation: US$52.85k
Philip Nyman
General Counsel
- Tenure: 0yrs
Keith Soucie (61yo)
Executive VP & Chief Information Officer
- Tenure: 0yrs
Board Members
James Conway (67yo)
Vice Chairman & Lead Director
- Tenure: 4.4yrs
- Compensation: US$70.42k
Carol Reid (71yo)
Director
- Tenure: 13.8yrs
- Compensation: US$63.12k
George Duncan (79yo)
Founder & Executive Chairman of the Board
- Tenure: 23.8yrs
- Compensation: US$923.56k
Richard Main (72yo)
President & Director
- Tenure: 30.8yrs
- Compensation: US$649.83k
John Clementi (69yo)
Director
- Tenure: 21.8yrs
- Compensation: US$55.67k
Carole Cowan (76yo)
Director
- Tenure: 20.8yrs
- Compensation: US$58.22k
Jack Clancy (61yo)
CEO & Director
- Tenure: 12.8yrs
- Compensation: US$1.01m
Luis Pedroso (59yo)
Assistant Secretary & Director
- Tenure: 5.4yrs
- Compensation: US$50.72k
Normand Deschene (64yo)
Director
- Tenure: 8.3yrs
- Compensation: US$52.72k
John Koutsos (58yo)
Secretary & Director
- Tenure: 6.1yrs
- Compensation: US$52.85k
Company Information
Enterprise Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Enterprise Bancorp, Inc.
- Ticker: EBTC
- Exchange: NasdaqGS
- Founded: 1989
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$332.854m
- Shares outstanding: 11.70m
- Website: https://www.enterprisebanking.com
Number of Employees
Location
- Enterprise Bancorp, Inc.
- 222 Merrimack Street
- Lowell
- Massachusetts
- 1852
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EBTC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2005 |
Biography
Enterprise Bancorp, Inc. operates as the holding company for Enterprise Bank and Trust Company that provides banking products and services primarily in the Greater Merrimack Valley, Nashoba Valley, and Nor ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 01:56 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.