Brandon Lavertu Purchases 1,350 Shares of ECB Bancorp, Inc. (NASDAQ:ECBK) Stock

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) CFO Brandon Lavertu bought 1,350 shares of the business's stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $14.41 per share, with a total value of $19,453.50. Following the transaction, the chief financial officer now owns 46,350 shares in the company, valued at $667,903.50. This trade represents a 3.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, February 24th, Brandon Lavertu bought 1,828 shares of ECB Bancorp stock. The shares were purchased at an average price of $14.45 per share, for a total transaction of $26,414.60.

ECB Bancorp Trading Up 0.1 %

ECB Bancorp stock traded up $0.01 during trading hours on Thursday, hitting $14.72. The company had a trading volume of 444 shares, compared to its average volume of 6,982. The firm has a market cap of $134.22 million, a P/E ratio of 31.32 and a beta of 0.70. 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, Inc. has a 1 year low of $11.39 and a 1 year high of $15.75. The company has a 50-day moving average price of $14.29 and a two-hundred day moving average price of $14.39.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last released 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%.

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Institutional Investors Weigh In On ECB Bancorp

Hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its position in shares of 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 period. Castalian Partners LLC purchased a new stake in shares of ECB Bancorp in the 4th quarter worth approximately $1,279,000. Finally, Sachetta LLC lifted its position in shares of ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company's stock worth $1,567,000 after purchasing an additional 2,333 shares during the period. Hedge funds and other institutional investors own 30.27% of the company's stock.

About ECB Bancorp

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.