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

Enterprise Bancorp, Inc. (NASDAQ:EBTC) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 80,500 shares, a growth of 34.6% from the September 15th total of 59,800 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,400 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of Enterprise Bancorp

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Enterprise Bancorp during the 3rd quarter valued at $111,000. Cabot Wealth Management Inc. acquired a new stake in Enterprise Bancorp during the 3rd quarter worth approximately $234,000. Rhumbline Advisers boosted its stake in Enterprise Bancorp by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after purchasing an additional 406 shares during the period. BNP Paribas Financial Markets grew its holdings in Enterprise Bancorp by 59.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,454 shares of the savings and loans company’s stock valued at $453,000 after buying an additional 6,482 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Enterprise Bancorp during the first quarter worth $526,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Trading Up 2.7 %

Shares of NASDAQ EBTC traded up $0.88 during midday trading on Tuesday, hitting $33.32. The stock had a trading volume of 20,981 shares, compared to its average volume of 22,765. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $34.10. The firm has a market cap of $412.34 million, a P/E ratio of 11.45 and a beta of 0.53. The company’s 50-day simple moving average is $30.25 and its 200 day simple moving average is $26.92.

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

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.