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EBTC (Enterprise Bancorp) Beta : 0.84 (As of Dec. 12, 2024)


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What is Enterprise Bancorp Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-12), Enterprise Bancorp's Beta is 0.84.


Enterprise Bancorp Beta Historical Data

The historical data trend for Enterprise Bancorp's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enterprise Bancorp Beta Chart

Enterprise Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.40 0.45 0.46 0.79

Enterprise Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.79 0.67 0.68 0.75

Competitive Comparison of Enterprise Bancorp's Beta

For the Banks - Regional subindustry, Enterprise Bancorp's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Enterprise Bancorp's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Enterprise Bancorp's Beta distribution charts can be found below:

* The bar in red indicates where Enterprise Bancorp's Beta falls into.



Enterprise Bancorp Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


Enterprise Bancorp  (NAS:EBTC) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


Enterprise Bancorp Beta Related Terms

Thank you for viewing the detailed overview of Enterprise Bancorp's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Enterprise Bancorp Business Description

Traded in Other Exchanges
N/A
Address
222 Merrimack Street, Lowell, MA, USA, 01852
Enterprise Bancorp Inc is a holding company engaged in the business of gathering deposits from the general public and investing in loans and investment securities. Through the Bank and its subsidiaries, the company offers a range of commercial, residential, and consumer loan products, deposit products, and cash management services, as well as wealth management and wealth services.
Executives
Michael T Putziger director C/O NEW HAMPSHIRE THRIFT BANCSHARES, 9 MAIN STREET, NEWPORT NH 03773
Joseph R Lussier officer: EVP-Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Ken S Ansin director 390 GOODRICH ST, LUNENBURG MA 01462
Gino J Baroni director 222 MERRIMACK STREET, LOWELL MA 01852
Jacqueline F Moloney director 222 MERRIMACK STREET, LOWELL MA 01852
George L Duncan director, officer: Chief Executive Officer 222 MERRIMACK ST, LOWELL MA 01852
Stephen J Irish officer: EVP - Principal Subsidiary 222 MERRIMACK ST, LOWELL MA 01852
Ryan C Dunn officer: EVP-Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Mary Jane King director 222 MERRIMACK STREET, LOWELL MA 01852
Luis M Pedroso director 222 MERRIMACK STREET, LOWELL MA 01852
Diane J Silva officer: EVP - Principal Subsidiary 222 MERRIMACK STREET, LOWELL MA 01852
Anita R Worden director C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
John A Koutsos director 222 MERRIMACK STREET, LOWELL MA 01852
Peter Rayno officer: EVP - Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Keith N Soucie officer: EVP-Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852

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