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

Enterprise Bancorp, Inc. (NASDAQ:EBTC) saw a large growth in short interest during the month of 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. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 31,100 shares, the short-interest ratio is presently 2.6 days.

Analysts Set New Price Targets

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

Institutional Trading of Enterprise Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in Enterprise Bancorp during the third quarter valued at approximately $2,043,000. Assenagon Asset Management S.A. raised its stake in shares of Enterprise Bancorp by 102.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock valued at $2,096,000 after acquiring an additional 33,153 shares during the period. American Century Companies Inc. lifted its holdings 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 acquiring an additional 14,563 shares in the last quarter. Siena Capital Partners GP LLC lifted its holdings in shares of Enterprise Bancorp by 9.7% during the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after acquiring an additional 13,222 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Enterprise Bancorp by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after purchasing an additional 13,084 shares during the period. 38.93% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Bancorp Trading Down 0.3 %

NASDAQ:EBTC traded down $0.11 during mid-day trading on Wednesday, reaching $39.54. The company’s stock had a trading volume of 27,832 shares, compared to its average volume of 25,253. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.08. The company’s fifty day simple moving average is $37.50 and its two-hundred day simple moving average is $31.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. 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 Announces Dividend

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

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.