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Enterprise Bancorp Inc (EBTC) CFO James A Marcotte buys 2,500 Shares

November 23, 2009 | About:
insider

insider

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EVP & CFO of Enterprise Bancorp Inc (EBTC) James A Marcotte buys 2,500 shares of EBTC on 11/19/2009 at an average price of $10.85 a share.

Enterprise Bancorp is the holding company for Enterprise Bank and Trust Company. The bank has two wholly owned subsidiaries, Enterprise Insurance Services LLC and Enterprise Investment Services LLC, organized for the purpose of engaging in insurance sales activities and offering non-deposit investment products and related securities brokerage services to its customers. Enterprise Bancorp Inc has a market cap of $89.04 million; its shares were traded at around $10.83 with a P/E ratio of 16.92 and P/S ratio of 1.28. The dividend yield of Enterprise Bancorp Inc stocks is 3.51%.

Insiders' Positions with EBTC


  • Sell:: EVP - Principal Subsidiary Stephen J Irish sold 29 shares of EBTC stock on 09/18/2009 at the average price of 14, the price of the stock has decreased by 22.64% since

  • Sell:: EVP - Principal Subsidiary Stephen J Irish sold 1,905 shares of EBTC stock on 09/17/2009 at the average price of 13.87, the price of the stock has decreased by 21.92% since

  • Sell:: EVP - Principal Subsidiary Stephen J Irish sold 264 shares of EBTC stock on 06/18/2009 at the average price of 13.25, the price of the stock has decreased by 18.26% since

  • Sell:: EVP - Principal Subsidiary Stephen J Irish sold 36 shares of EBTC stock on 06/17/2009 at the average price of 13.25, the price of the stock has decreased by 18.26% since

  • Sell:: Chairman George L Duncan sold 2,000 shares of EBTC stock on 06/16/2009 at the average price of 12.3, the price of the stock has decreased by 11.95% since


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GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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