Insider Buying: ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Buys 1,350 Shares of Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu acquired 1,350 shares of the stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of $14.41 per share, for a total transaction of $19,453.50. Following the completion of the purchase, the chief financial officer now owns 46,350 shares in the company, valued at approximately $667,903.50. This trade represents a 3.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

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

ECB Bancorp Stock Performance

ECB Bancorp stock opened at $14.71 on Thursday. The firm has a market capitalization of $134.13 million, a P/E ratio of 31.30 and a beta of 0.70. The stock has a fifty day moving average price of $14.29 and a two-hundred day moving average price of $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 current ratio of 1.31 and a quick ratio of 1.31.

ECB Bancorp (NASDAQ:ECBK) last announced its earnings results 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Castalian Partners LLC bought a new stake in ECB Bancorp during the 4th quarter worth approximately $1,279,000. Northern Trust Corp raised its position in ECB Bancorp by 22.0% in the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock valued at $452,000 after purchasing an additional 5,495 shares during the last quarter. Finally, Sachetta LLC boosted its stake in ECB Bancorp by 2.2% in 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. Institutional investors own 30.27% of the company’s stock.

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.