ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,900 shares, an increase of 30.3% from the December 15th total of 7,600 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 1.4 days.
Institutional Trading of ECB Bancorp
Institutional investors and hedge funds have recently modified their holdings of the company. Sachetta LLC grew its holdings in ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company's stock valued at $1,567,000 after buying an additional 2,333 shares during the last quarter. Eastern Bank bought a new stake in shares of ECB Bancorp in the third quarter valued at approximately $229,000. Finally, Renaissance Technologies LLC grew its stake in shares of ECB Bancorp by 3.7% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the company's stock worth $454,000 after acquiring an additional 1,300 shares during the last quarter. 30.27% of the stock is currently owned by institutional investors and hedge funds.
ECB Bancorp Stock Up 1.0 %
Shares of ECBK traded up $0.14 during midday trading on Friday, reaching $14.49. 2,466 shares of the stock were exchanged, compared to its average volume of 3,829. The company has a market cap of $132.12 million, a price-to-earnings ratio of 37.15 and a beta of 0.72. The firm has a 50 day simple moving average of $14.82 and a 200-day simple moving average of $14.21. ECB Bancorp has a 12-month low of $11.39 and a 12-month high of $15.75. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41.
ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.14 EPS for the quarter. ECB Bancorp had a net margin of 5.11% and a return on equity of 2.01%. The company had revenue of $6.60 million for the quarter.
About ECB Bancorp
(
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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