Short Interest in ECB Bancorp, Inc. (NASDAQ:ECBK) Increases By 24.7%

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 10,600 shares, an increase of 24.7% from the January 31st total of 8,500 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 1.6 days. Currently, 0.2% of the company's shares are sold short.

ECB Bancorp Stock Down 0.8 %

ECB Bancorp stock traded down $0.12 during midday trading on Friday, hitting $14.87. 8,174 shares of the company's stock were exchanged, compared to its average volume of 6,949. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $135.58 million, a PE ratio of 31.64 and a beta of 0.64. The firm has a 50-day moving average of $14.28 and a two-hundred day moving average of $14.48. ECB Bancorp has a 12 month low of $11.39 and a 12 month high of $15.75.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last issued its quarterly earnings data 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%.

Insider Buying and Selling at ECB Bancorp

In other news, CFO Brandon Lavertu bought 1,828 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $14.45 per share, for a total transaction of $26,414.60. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.00% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in 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 purchasing an additional 5,495 shares in the last quarter. Castalian Partners LLC purchased a new position in ECB Bancorp in the fourth quarter worth $1,279,000. Finally, Sachetta LLC increased its position 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 purchasing 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.