ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) CFO Brandon Lavertu bought 1,828 shares of the stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $14.45 per share, for a total transaction of $26,414.60. Following the purchase, the chief financial officer now owns 32,383 shares in the company, valued at approximately $467,934.35. This represents a 5.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Brandon Lavertu also recently made the following trade(s):
- On Thursday, February 20th, Brandon Lavertu purchased 1,350 shares of ECB Bancorp stock. The stock was purchased at an average cost of $14.41 per share, with a total value of $19,453.50.
ECB Bancorp Stock Up 1.1 %
Shares of NASDAQ ECBK traded up $0.17 during trading hours on Friday, hitting $15.00. The stock had a trading volume of 3,824 shares, compared to its average volume of 6,937. The company has a market capitalization of $136.77 million, a P/E ratio of 31.92 and a beta of 0.70. The firm's 50-day moving average price is $14.28 and its two-hundred day moving average price is $14.39. ECB Bancorp, Inc. has a 52 week low of $11.39 and a 52 week 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.17 EPS for the quarter. ECB Bancorp had a return on equity of 2.40% and a net margin of 5.85%.
Institutional Investors Weigh In On ECB Bancorp
Large investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in ECB Bancorp by 22.0% in the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company's stock worth $452,000 after purchasing an additional 5,495 shares during the last quarter. Castalian Partners LLC acquired a new stake in ECB Bancorp in the 4th quarter worth approximately $1,279,000. Finally, Sachetta LLC lifted 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 during the last quarter. Institutional investors own 30.27% of the company's stock.
ECB Bancorp Company Profile
(
Get Free Report)
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.
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