ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu Acquires 1,350 Shares

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu purchased 1,350 shares of ECB Bancorp stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $14.41 per share, with a total value of $19,453.50. Following the completion of the purchase, the chief financial officer now directly owns 46,350 shares in the company, valued at $667,903.50. This trade represents a 3.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ECB Bancorp Stock Performance

ECBK opened at $14.64 on Tuesday. The business has a fifty day simple moving average of $14.30 and a 200 day simple moving average of $14.38. The company has a market capitalization of $133.49 million, a PE ratio of 31.15 and a beta of 0.70. ECB Bancorp, Inc. has a 1 year low of $11.39 and a 1 year 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 released its quarterly earnings results on Wednesday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter. ECB Bancorp had a return on equity of 2.40% and a net margin of 5.85%.

Institutional Trading of ECB Bancorp

A number of institutional investors have recently modified their holdings of the stock. Sachetta LLC lifted its position in shares of ECB Bancorp by 2.2% during the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after acquiring an additional 2,333 shares during the period. Northern Trust Corp lifted its position in shares of ECB Bancorp by 22.0% during the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock valued at $452,000 after acquiring an additional 5,495 shares during the period. Finally, Castalian Partners LLC bought a new stake in shares of ECB Bancorp during the 4th quarter valued at $1,279,000. 30.27% of the stock is currently owned by institutional investors.

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.