Enterprise Bancorp, Inc. (NASDAQ:EBTC) Short Interest Down 14.8% in February

Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 88,700 shares, a decline of 14.8% from the January 31st total of 104,100 shares. Currently, 0.9% of the company's shares are sold short. Based on an average daily volume of 42,900 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Picton Mahoney Asset Management lifted its position in shares of Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock valued at $35,000 after acquiring an additional 237 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company's stock valued at $225,000 after acquiring an additional 301 shares during the period. Martingale Asset Management L P lifted its position in shares of Enterprise Bancorp by 3.3% during the 4th quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company's stock valued at $1,047,000 after acquiring an additional 850 shares during the period. SG Americas Securities LLC lifted its position in shares of Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after acquiring an additional 948 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Enterprise Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock valued at $230,000 after purchasing an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 38.93% of the company's stock.

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Enterprise Bancorp Trading Down 1.2 %

Shares of NASDAQ EBTC traded down $0.47 during midday trading on Friday, reaching $39.37. The stock had a trading volume of 35,828 shares, compared to its average volume of 37,401. The firm has a market cap of $490.47 million, a price-to-earnings ratio of 12.62 and a beta of 0.49. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company's 50 day moving average price is $41.46 and its 200 day moving average price is $36.85.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Monday, February 10th. This is an increase from Enterprise Bancorp's previous quarterly dividend of $0.24. Enterprise Bancorp's payout ratio is presently 32.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Enterprise Bancorp in a research report on Saturday, March 1st. They issued a "hold" rating on the stock.

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.