Insider Buying: ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Purchases 5,000 Shares of Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu purchased 5,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $13.97 per share, with a total value of $69,850.00. Following the transaction, the chief financial officer now owns 45,000 shares in the company, valued at $628,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ECB Bancorp Stock Performance

ECBK stock traded up $0.17 on Friday, hitting $14.17. The company had a trading volume of 8,018 shares, compared to its average volume of 6,345. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.35. The stock has a market cap of $130.60 million, a price-to-earnings ratio of 28.57 and a beta of 0.79. The stock’s 50-day simple moving average is $13.42 and its 200 day simple moving average is $12.84. ECB Bancorp, Inc. has a 12-month low of $9.82 and a 12-month high of $14.29.

ECB Bancorp (NASDAQ:ECBK) last released its quarterly earnings results on Friday, August 9th. The company reported $0.09 earnings per share for the quarter. ECB Bancorp had a net margin of 5.68% and a return on equity of 2.14%. The business had revenue of $6.30 million for the quarter.

Institutional Investors Weigh In On ECB Bancorp

A hedge fund recently raised its stake in ECB Bancorp stock. Renaissance Technologies LLC raised its position in shares of ECB Bancorp, Inc. (NASDAQ:ECBK) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,400 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Renaissance Technologies LLC owned approximately 0.39% of ECB Bancorp worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.27% of the stock is owned by institutional investors and hedge funds.

ECB Bancorp Company Profile

ECB Bancorp, Inc operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts.