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

Enterprise Bancorp, Inc. (NASDAQ:EBTC) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 34,600 shares, a growth of 24.5% from the June 15th total of 27,800 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,700 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBTC. SG Americas Securities LLC lifted its stake in shares of Enterprise Bancorp by 18.9% during the fourth quarter. SG Americas Securities LLC now owns 5,256 shares of the savings and loans company’s stock worth $170,000 after purchasing an additional 835 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Enterprise Bancorp in the fourth quarter worth $212,000. BNP Paribas Financial Markets increased its position in Enterprise Bancorp by 42.7% in the fourth quarter. BNP Paribas Financial Markets now owns 10,972 shares of the savings and loans company’s stock worth $354,000 after buying an additional 3,284 shares during the period. Pallas Capital Advisors LLC increased its position in Enterprise Bancorp by 15.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,863 shares of the savings and loans company’s stock worth $479,000 after buying an additional 2,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Enterprise Bancorp during the first quarter valued at $526,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

Enterprise Bancorp Price Performance

EBTC stock traded up $1.44 during midday trading on Tuesday, hitting $28.08. 13,817 shares of the stock were exchanged, compared to its average volume of 22,770. The stock’s 50-day moving average price is $24.46 and its 200-day moving average price is $26.01. The stock has a market cap of $347.63 million, a price-to-earnings ratio of 9.15 and a beta of 0.54. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $34.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.91 and a current ratio of 0.91.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.69 EPS for the quarter. The business had revenue of $40.69 million during the quarter. Enterprise Bancorp had a return on equity of 11.28% and a net margin of 15.80%.

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.