Enterprise Bancorp, Inc (NASDAQ:EBTC) Short Interest Update
Enterprise Bancorp, Inc (NASDAQ:EBTC) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 57,200 shares, a growth of 45.5% from the May 30th total of 39,300 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 7.4 days. Currently, 0.7% of the shares of the stock are sold short.
Shares of EBTC stock traded down $0.18 during trading hours on Thursday, hitting $30.68. 5,105 shares of the company’s stock were exchanged, compared to its average volume of 8,843. The stock has a market capitalization of $361.87 million, a P/E ratio of 11.99 and a beta of 0.86. Enterprise Bancorp has a 12-month low of $26.96 and a 12-month high of $39.90. The stock has a 50 day simple moving average of $29.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12.
Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings results on Thursday, April 18th. The savings and loans company reported $0.74 EPS for the quarter. The firm had revenue of $31.92 million for the quarter. Enterprise Bancorp had a net margin of 22.05% and a return on equity of 12.29%.
Several hedge funds have recently bought and sold shares of the business. Enterprise Bank & Trust Co purchased a new position in shares of Enterprise Bancorp during the first quarter worth approximately $22,314,000. BlackRock Inc. grew its holdings in shares of Enterprise Bancorp by 3.0% in the fourth quarter. BlackRock Inc. now owns 502,573 shares of the savings and loans company’s stock worth $16,163,000 after purchasing an additional 14,530 shares during the last quarter. Banc Funds Co. LLC grew its holdings in shares of Enterprise Bancorp by 14.0% in 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $6,636,000 after purchasing an additional 7,923 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Enterprise Bancorp by 7.8% in 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 during the last quarter. 27.06% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: Understanding Analyst Recommendations
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