ECB Bancorp, Inc. (NASDAQ:ECBK) Short Interest Update

ECB Bancorp, Inc. (NASDAQ:ECBK) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 8,700 shares, an increase of 13.0% from the May 15th total of 7,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 1.6 days.

Insider Transactions at ECB Bancorp

In related news, CFO John A. Citrano bought 4,800 shares of the stock in a transaction on Monday, May 13th. The shares were purchased at an average price of $12.21 per share, for a total transaction of $58,608.00. Following the acquisition, the chief financial officer now owns 44,201 shares in the company, valued at $539,694.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO John A. Citrano bought 4,800 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $12.21 per share, with a total value of $58,608.00. Following the purchase, the chief financial officer now owns 44,201 shares of the company’s stock, valued at approximately $539,694.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul A. Delory sold 5,052 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $11.52, for a total transaction of $58,199.04. Following the completion of the transaction, the director now owns 12,212 shares in the company, valued at $140,682.24. The disclosure for this sale can be found here. Insiders acquired a total of 6,100 shares of company stock valued at $74,231 in the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On ECB Bancorp

Institutional investors have recently bought and sold shares of the stock. Minerva Advisors LLC purchased a new stake in shares of ECB Bancorp during the 3rd quarter valued at $4,692,000. Grimes & Company Inc. boosted its holdings in ECB Bancorp by 28.6% in the fourth quarter. Grimes & Company Inc. now owns 20,000 shares of the company’s stock valued at $251,000 after acquiring an additional 4,445 shares during the last quarter. Finally, Sachetta LLC purchased a new stake in ECB Bancorp during the fourth quarter valued at about $1,345,000. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

ECB Bancorp Trading Down 2.1 %

ECBK stock traded down $0.26 during midday trading on Tuesday, hitting $12.37. The stock had a trading volume of 400 shares, compared to its average volume of 5,587. The company’s 50-day moving average price is $12.32 and its 200 day moving average price is $12.69. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $114.05 million, a PE ratio of 25.78 and a beta of 0.79. ECB Bancorp has a 12-month low of $9.82 and a 12-month high of $13.63.

ECB Bancorp (NASDAQ:ECBK) last released its earnings results on Thursday, April 25th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $6.21 million for the quarter. ECB Bancorp had a return on equity of 2.53% and a net margin of 7.01%.

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.