ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu Acquires 1,350 Shares

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu bought 1,350 shares of ECB Bancorp stock in a transaction that occurred 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 acquisition, the chief financial officer now directly owns 46,350 shares of the company’s stock, valued at $667,903.50. The trade was a 3.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ECB Bancorp Stock Performance

NASDAQ ECBK opened at $14.64 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $14.38. ECB Bancorp, Inc. has a 1 year low of $11.39 and a 1 year high of $15.75. The firm has a market capitalization of $133.49 million, a P/E ratio of 31.15 and a beta of 0.70.

ECB Bancorp (NASDAQ:ECBK) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.17 earnings per share (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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in ECB Bancorp by 22.0% during the fourth quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock worth $452,000 after acquiring an additional 5,495 shares in the last quarter. Castalian Partners LLC bought a new stake in ECB Bancorp during the fourth quarter worth $1,279,000. Finally, Sachetta LLC raised its position in 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 acquiring an additional 2,333 shares in the last quarter. 30.27% of the stock is owned by institutional investors.

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.