ECB Bancorp (NASDAQ:ECBK) Trading 0.5% Higher – What’s Next?

ECB Bancorp, Inc. (NASDAQ:ECBK) rose 0.5% on Monday . The stock traded as high as $15.18 and last traded at $15.12. Approximately 7,437 shares changed hands during trading, an increase of 4% from the average daily volume of 7,142 shares. The stock had previously closed at $15.05.

ECB Bancorp Stock Performance

The company has a 50 day moving average of $15.05 and a two-hundred day moving average of $13.98. 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 company has a market capitalization of $137.68 million, a PE ratio of 38.72 and a beta of 0.73.

ECB Bancorp (NASDAQ:ECBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.14 EPS for the quarter. The firm had revenue of $6.60 million for the quarter. ECB Bancorp had a return on equity of 2.01% and a net margin of 5.11%.

Hedge Funds Weigh In On ECB Bancorp

Large investors have recently modified their holdings of the stock. Eastern Bank bought a new stake in ECB Bancorp during the 3rd quarter valued at about $229,000. Renaissance Technologies LLC grew its stake in shares of ECB Bancorp by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock valued at $454,000 after purchasing an additional 1,300 shares during the period. Finally, Sachetta LLC increased its position in shares of ECB Bancorp by 2.2% during the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,333 shares during 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.