Short Interest in Enterprise Bancorp, Inc. (NASDAQ:EBTC) Expands By 30.4%

Enterprise Bancorp, Inc. (NASDAQ:EBTC) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 74,300 shares, a growth of 30.4% from the November 15th total of 57,000 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 26,300 shares, the short-interest ratio is presently 2.8 days.

Enterprise Bancorp Stock Down 1.1 %

EBTC traded down $0.46 during midday trading on Friday, reaching $42.75. 94,686 shares of the company were exchanged, compared to its average volume of 24,398. The company has a market cap of $531.38 million, a price-to-earnings ratio of 14.74 and a beta of 0.56. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.08. The company’s fifty day moving average price is $35.40 and its 200 day moving average price is $30.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 33.10%.

Institutional Investors Weigh In On Enterprise Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBTC. Private Advisor Group LLC bought a new position in shares of Enterprise Bancorp during the 3rd quarter worth $212,000. American Century Companies Inc. lifted its stake in shares of Enterprise Bancorp by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after buying an additional 14,563 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Enterprise Bancorp in the 2nd quarter worth approximately $807,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enterprise Bancorp in the third quarter worth $223,000. Finally, Bank of New York Mellon Corp boosted its stake in Enterprise Bancorp by 14.1% in 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 purchasing an additional 4,824 shares during the period. Hedge funds and other institutional investors own 38.93% of the company’s 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.