Insider Buying: ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Buys 1,350 Shares of Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu purchased 1,350 shares of the stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $14.41 per share, with a total value of $19,453.50. Following the acquisition, the chief financial officer now directly owns 46,350 shares in the company, valued at $667,903.50. This represents a 3.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ECB Bancorp Stock Up 1.5 %

Shares of ECB Bancorp stock traded up $0.22 during trading on Monday, hitting $14.64. 9,511 shares of the stock were exchanged, compared to its average volume of 7,189. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The firm’s 50-day moving average price is $14.31 and its 200 day moving average price is $14.37. The stock has a market cap of $133.49 million, a price-to-earnings ratio of 31.15 and a beta of 0.70. ECB Bancorp, Inc. has a 12-month low of $11.39 and a 12-month high of $15.75.

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

Institutional Investors Weigh In On ECB Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Castalian Partners LLC purchased a new position in ECB Bancorp in the fourth quarter valued at approximately $1,279,000. Northern Trust Corp lifted its position in shares of ECB Bancorp by 22.0% during the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock worth $452,000 after buying an additional 5,495 shares during the last quarter. Finally, Sachetta LLC boosted its holdings in shares of ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after buying an additional 2,333 shares in the last quarter. Hedge funds and other institutional investors own 30.27% of the company’s stock.

About ECB Bancorp

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.