ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Buys $19,453.50 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu bought 1,350 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $14.41 per share, with a total value of $19,453.50. Following the completion of the purchase, the chief financial officer now directly owns 46,350 shares of the company’s stock, valued at approximately $667,903.50. The trade was a 3.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, February 24th, Brandon Lavertu purchased 1,828 shares of ECB Bancorp stock. The shares were acquired at an average cost of $14.45 per share, with a total value of $26,414.60.

ECB Bancorp Stock Performance

NASDAQ:ECBK opened at $14.60 on Wednesday. ECB Bancorp, Inc. has a twelve month low of $11.39 and a twelve month high of $15.75. 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 stock’s 50-day simple moving average is $14.29 and its 200 day simple moving average is $14.39. The firm has a market capitalization of $133.12 million, a PE ratio of 31.06 and a beta of 0.70.

ECB Bancorp (NASDAQ:ECBK) last posted its earnings results 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%.

Institutional Trading of ECB Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Sachetta LLC increased its holdings in shares of ECB Bancorp by 2.2% during the third quarter. Sachetta LLC now owns 109,438 shares of the company’s stock worth $1,567,000 after buying an additional 2,333 shares in the last quarter. Northern Trust Corp boosted its holdings 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 acquiring an additional 5,495 shares in the last quarter. Finally, Castalian Partners LLC bought a new stake in ECB Bancorp during the 4th quarter worth $1,279,000. 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.