Eastern Bank bought a new stake in ECB Bancorp, Inc. (NASDAQ:ECBK – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the company’s stock, valued at approximately $229,000.
Separately, Renaissance Technologies LLC grew its stake in ECB Bancorp by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock valued at $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.
Insider Activity at ECB Bancorp
In other ECB Bancorp news, CFO Brandon Lavertu purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $13.97 per share, for a total transaction of $69,850.00. Following the completion of the acquisition, the chief financial officer now owns 45,000 shares of the company’s stock, valued at approximately $628,650. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.00% of the stock is currently owned by insiders.
ECB Bancorp Price Performance
ECB Bancorp (NASDAQ:ECBK – Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.09 earnings per share for the quarter. ECB Bancorp had a net margin of 5.68% and a return on equity of 2.14%. The business had revenue of $6.30 million for the quarter.
ECB Bancorp 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.
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