Enterprise Bancorp, Inc (NASDAQ:EBTC) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 57,200 shares, an increase of 45.5% from the May 30th total of 39,300 shares. Based on an average trading volume of 7,700 shares, the days-to-cover ratio is currently 7.4 days. Approximately 0.7% of the shares of the company are short sold.
EBTC stock traded down $0.97 during trading on Friday, hitting $29.71. 6,708 shares of the company traded hands, compared to its average volume of 10,940. The stock’s 50-day moving average is $29.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $350.58 million, a P/E ratio of 11.76 and a beta of 0.86. Enterprise Bancorp has a 1 year low of $26.96 and a 1 year high of $39.90.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Thursday, April 18th. The savings and loans company reported $0.74 EPS for the quarter. The business had revenue of $31.92 million during the quarter. Enterprise Bancorp had a return on equity of 12.29% and a net margin of 22.05%.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Enterprise Bancorp by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 206,344 shares of the savings and loans company’s stock valued at $6,636,000 after buying an additional 7,923 shares in the last quarter. Rhumbline Advisers increased its position in shares of Enterprise Bancorp by 44.4% during the fourth quarter. Rhumbline Advisers now owns 13,633 shares of the savings and loans company’s stock worth $438,000 after purchasing an additional 4,192 shares in the last quarter. Banc Funds Co. LLC increased its position in shares of Enterprise Bancorp by 14.0% during the first quarter. Banc Funds Co. LLC now owns 255,092 shares of the savings and loans company’s stock worth $7,329,000 after purchasing an additional 31,252 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Enterprise Bancorp by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 95,768 shares of the savings and loans company’s stock worth $3,079,000 after purchasing an additional 6,946 shares in the last quarter. Finally, Enterprise Bank & Trust Co purchased a new stake in shares of Enterprise Bancorp during the first quarter worth approximately $22,314,000. Institutional investors and hedge funds own 27.06% of the company’s stock.
About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.
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