ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu Acquires 1,828 Shares

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu purchased 1,828 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $26,414.60. Following the completion of the purchase, the chief financial officer now owns 32,383 shares in the company, valued at $467,934.35. This trade represents a 5.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Brandon Lavertu also recently made the following trade(s):

• On Thursday, February 20th, Brandon Lavertu acquired 1,350 shares of ECB Bancorp stock. The stock was acquired at an average cost of $14.41 per share, for a total transaction of $19,453.50.

ECB Bancorp Stock Down 0.3 %

Shares of ECB Bancorp stock traded down $0.04 on Tuesday, hitting $14.60. The company had a trading volume of 8,143 shares, compared to its average volume of 7,243. The stock has a market capitalization of $133.12 million, a price-to-earnings ratio of 31.06 and a beta of 0.70. The stock has a 50 day moving average of $14.30 and a 200-day moving average of $14.38. ECB Bancorp, Inc. has a 1 year low of $11.39 and a 1 year high of $15.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31.

ECB Bancorp (NASDAQ:ECBK) last posted 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%.

Hedge Funds Weigh In On ECB Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in ECBK. Castalian Partners LLC purchased a new stake in ECB Bancorp in the 4th quarter worth about $1,279,000. Northern Trust Corp lifted its stake 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 valued at $452,000 after buying an additional 5,495 shares in the last quarter. Finally, Sachetta LLC grew its stake in 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. 30.27% of the stock is owned by hedge funds and other institutional investors.

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.