Short Interest in Enterprise Bancorp, Inc. (NASDAQ:EBTC) Expands By 5.3%

Enterprise Bancorp, Inc. (NASDAQ:EBTC) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 44,000 shares, an increase of 5.3% from the July 15th total of 41,800 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 20,100 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EBTC. Assenagon Asset Management S.A. bought a new position in shares of Enterprise Bancorp in the second quarter valued at approximately $807,000. Quadrature Capital Ltd bought a new stake in Enterprise Bancorp during the first quarter worth approximately $526,000. Vanguard Group Inc. boosted its holdings in Enterprise Bancorp by 4.6% during the first quarter. Vanguard Group Inc. now owns 454,647 shares of the savings and loans company’s stock worth $11,807,000 after buying an additional 19,918 shares in the last quarter. American Century Companies Inc. boosted its holdings in Enterprise Bancorp by 35.4% during the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock worth $1,387,000 after buying an additional 14,563 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Enterprise Bancorp by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock worth $8,797,000 after buying an additional 8,216 shares in the last quarter. 38.93% of the stock is currently owned by institutional investors.

Enterprise Bancorp Stock Performance

NASDAQ EBTC traded up $0.60 on Monday, hitting $28.83. The stock had a trading volume of 50,644 shares, compared to its average volume of 22,677. Enterprise Bancorp has a one year low of $22.60 and a one year high of $34.10. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The stock has a market cap of $356.77 million, a price-to-earnings ratio of 9.91 and a beta of 0.54. The company’s 50-day moving average is $25.75 and its two-hundred day moving average is $25.65.

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. Enterprise Bancorp had a net margin of 14.99% and a return on equity of 11.11%. The firm had revenue of $41.79 million during the quarter.

Enterprise Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, August 13th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 32.99%.

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.