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

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu bought 1,828 shares of ECB Bancorp stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $14.45 per share, with a total value of $26,414.60. Following the completion of the acquisition, the chief financial officer now owns 32,383 shares of the company’s stock, valued at $467,934.35. This represents a 5.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 shares were purchased at an average cost of $14.41 per share, with a total value of $19,453.50.

ECB Bancorp Price Performance

Shares of NASDAQ ECBK opened at $14.60 on Wednesday. The stock has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $14.39. ECB Bancorp, Inc. has a 1-year low of $11.39 and a 1-year high of $15.75. The firm has a market cap of $133.12 million, a price-to-earnings ratio of 31.06 and a beta of 0.70. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41.

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

Hedge Funds Weigh In On ECB Bancorp

Large investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its holdings in shares of ECB Bancorp by 22.0% in 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 during the period. Castalian Partners LLC bought a new position in shares of ECB Bancorp in the fourth quarter worth $1,279,000. Finally, Sachetta LLC boosted its holdings in shares of ECB Bancorp by 2.2% in 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 during the period. 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.