Enterprise Bancorp, Inc. (NASDAQ:EBTC) Short Interest Update

Enterprise Bancorp, Inc. (NASDAQ:EBTC) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 59,800 shares, an increase of 22.0% from the August 31st total of 49,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is presently 2.3 days.

Enterprise Bancorp Price Performance

Shares of Enterprise Bancorp stock traded down $0.15 during trading on Monday, reaching $31.96. 12,672 shares of the company’s stock were exchanged, compared to its average volume of 23,165. The firm’s 50-day moving average price is $29.57 and its 200 day moving average price is $26.43. The company has a market cap of $395.51 million, a P/E ratio of 11.03 and a beta of 0.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $34.10.

Enterprise Bancorp (NASDAQ:EBTC) last posted its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.77 EPS for the quarter. The firm had revenue of $41.79 million during the quarter. Enterprise Bancorp had a net margin of 14.99% and a return on equity of 10.94%.

Enterprise Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.00%. Enterprise Bancorp’s payout ratio is presently 32.99%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Enterprise Bancorp by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock worth $354,000 after acquiring an additional 3,284 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Enterprise Bancorp by 2.8% in the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after buying an additional 406 shares during the period. Quadrature Capital Ltd bought a new position in Enterprise Bancorp in the 1st quarter valued at approximately $526,000. Assenagon Asset Management S.A. bought a new position in Enterprise Bancorp in the 2nd quarter valued at approximately $807,000. Finally, Bank of New York Mellon Corp boosted its position in Enterprise Bancorp by 14.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company’s stock worth $971,000 after buying an additional 4,824 shares during the period. 38.93% of the stock is currently owned by institutional investors.

About Enterprise Bancorp

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.