ECB Bancorp (NASDAQ:ECBK) Shares Up 0.4% – Here’s What Happened

ECB Bancorp, Inc. (NASDAQ:ECBK)’s stock price shot up 0.4% during trading on Friday . The company traded as high as $15.24 and last traded at $15.20. 11,943 shares traded hands during mid-day trading, an increase of 62% from the average session volume of 7,367 shares. The stock had previously closed at $15.14.

ECB Bancorp Trading Up 0.4 %

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average of $14.40 and a 200 day moving average of $14.57. The firm has a market cap of $138.59 million, a PE ratio of 32.34 and a beta of 0.64.

ECB Bancorp (NASDAQ:ECBK) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 EPS for the quarter. ECB Bancorp had a net margin of 5.85% and a return on equity of 2.40%.

Insider Activity at ECB Bancorp

In other news, CFO Brandon Lavertu acquired 1,828 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $26,414.60. Following the completion of the transaction, the chief financial officer now owns 32,383 shares of the company’s stock, valued at $467,934.35. The trade was a 5.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ECB Bancorp stock. Castalian Partners LLC purchased a new stake in ECB Bancorp, Inc. (NASDAQ:ECBK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 86,181 shares of the company’s stock, valued at approximately $1,279,000. ECB Bancorp makes up about 0.6% of Castalian Partners LLC’s portfolio, making the stock its 20th largest holding. Castalian Partners LLC owned approximately 0.94% of ECB Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 30.27% of the company’s stock.

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.