Enterprise Bancorp, Inc. (NASDAQ:EBTC) Sees Large Increase in Short Interest

Enterprise Bancorp, Inc. (NASDAQ:EBTC) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 27,800 shares, a growth of 12.1% from the May 31st total of 24,800 shares. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the company’s shares are short sold.

Enterprise Bancorp Price Performance

Enterprise Bancorp stock remained flat at $23.90 during trading hours on Wednesday. The company’s stock had a trading volume of 10,551 shares, compared to its average volume of 22,841. The stock’s fifty day moving average price is $24.54 and its 200 day moving average price is $26.55. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $34.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $295.88 million, a price-to-earnings ratio of 8.21 and a beta of 0.54.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.69 EPS for the quarter. The business had revenue of $40.69 million during the quarter. Enterprise Bancorp had a return on equity of 11.28% and a net margin of 15.80%.

Enterprise Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Friday, May 10th. Enterprise Bancorp’s payout ratio is 32.99%.

Institutional Investors Weigh In On Enterprise Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in Enterprise Bancorp by 18.9% during the 4th quarter. SG Americas Securities LLC now owns 5,256 shares of the savings and loans company’s stock worth $170,000 after buying an additional 835 shares during the period. Private Advisor Group LLC acquired a new position in shares of Enterprise Bancorp during the fourth quarter worth approximately $212,000. BNP Paribas Financial Markets lifted its holdings in shares of Enterprise Bancorp by 42.7% in the 4th quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock worth $354,000 after purchasing an additional 3,284 shares in the last quarter. Pallas Capital Advisors LLC grew its position in Enterprise Bancorp by 15.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock valued at $479,000 after purchasing an additional 2,000 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Enterprise Bancorp during the 1st quarter valued at $526,000. 38.93% of the stock is owned by institutional investors.

Enterprise Bancorp Company Profile

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.