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

Enterprise Bancorp, Inc. (NASDAQ:EBTC) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 80,700 shares, a growth of 8.6% from the November 30th total of 74,300 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 31,100 shares, the short-interest ratio is currently 2.6 days.

Enterprise Bancorp Stock Down 0.3 %

NASDAQ:EBTC traded down $0.11 on Wednesday, reaching $39.54. The stock had a trading volume of 27,832 shares, compared to its average volume of 25,253. The company has a 50-day moving average of $37.50 and a 200 day moving average of $31.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $491.44 million, a P/E ratio of 13.63 and a beta of 0.56. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.08.

Enterprise Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio is currently 33.10%.

Institutional Investors Weigh In On Enterprise Bancorp

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Enterprise Bancorp by 170.4% in the third quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock valued at $664,000 after acquiring an additional 13,084 shares in the last quarter. Barclays PLC increased its position in shares of Enterprise Bancorp by 69.6% in the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after purchasing an additional 9,373 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Enterprise Bancorp by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock valued at $7,467,000 after purchasing an additional 8,703 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Enterprise Bancorp during the third quarter worth about $2,043,000. Finally, State Street Corp grew its stake in Enterprise Bancorp by 1.7% in the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after purchasing an additional 3,257 shares in the last quarter. Institutional investors and hedge funds own 38.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a research report on Friday, December 27th. They set a “hold” rating on the stock.

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.