Enterprise Bancorp, Inc. (NASDAQ:EBTC) Short Interest Up 17.5% in December

Enterprise Bancorp, Inc. (NASDAQ:EBTCGet Rating) saw a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 44,300 shares, a growth of 17.5% from the December 15th total of 37,700 shares. Based on an average daily volume of 13,700 shares, the short-interest ratio is currently 3.2 days. Approximately 0.5% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, EVP Stephen J. Irish sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $31.00, for a total transaction of $46,500.00. Following the completion of the transaction, the executive vice president now owns 34,589 shares of the company’s stock, valued at $1,072,259. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael T. Putziger acquired 1,141 shares of the stock in a transaction dated Thursday, December 1st. The shares were acquired at an average cost of $34.93 per share, for a total transaction of $39,855.13. Following the completion of the transaction, the director now owns 195,027 shares in the company, valued at approximately $6,812,293.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen J. Irish sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $31.00, for a total value of $46,500.00. Following the completion of the transaction, the executive vice president now directly owns 34,589 shares of the company’s stock, valued at $1,072,259. The disclosure for this sale can be found here. Company insiders own 17.12% of the company’s stock.

Hedge Funds Weigh In On Enterprise Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EBTC. Tower Research Capital LLC TRC raised its stake in shares of Enterprise Bancorp by 202.1% in the third quarter. Tower Research Capital LLC TRC now owns 870 shares of the savings and loans company’s stock valued at $26,000 after acquiring an additional 582 shares during the last quarter. Amalgamated Bank acquired a new position in Enterprise Bancorp in the first quarter worth $45,000. BNP Paribas Arbitrage SA grew its holdings in shares of Enterprise Bancorp by 25.4% during the second quarter. BNP Paribas Arbitrage SA now owns 2,610 shares of the savings and loans company’s stock worth $84,000 after purchasing an additional 529 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Enterprise Bancorp in the second quarter valued at $109,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of Enterprise Bancorp by 76.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,617 shares of the savings and loans company’s stock valued at $138,000 after buying an additional 2,007 shares during the last quarter. 25.53% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Bancorp Trading Up 0.8 %

EBTC stock opened at $35.58 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $431.37 million, a P/E ratio of 10.46 and a beta of 0.53. Enterprise Bancorp has a 1-year low of $28.57 and a 1-year high of $44.47. The business’s 50 day moving average is $35.12 and its 200-day moving average is $32.92.

Enterprise Bancorp (NASDAQ:EBTCGet Rating) last released its quarterly earnings data on Thursday, October 20th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter. Enterprise Bancorp had a return on equity of 13.59% and a net margin of 23.95%. The firm had revenue of $44.30 million during the quarter.

Enterprise Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 8th will be issued a dividend of $0.23 per share. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.59%. The ex-dividend date is Tuesday, February 7th. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 24.12%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Enterprise Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th.

Enterprise Bancorp Company Profile

(Get Rating)

Enterprise Bancorp, Inc operates as the holding company of Enterprise Bank and Trust Company that provides 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.

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