Short Interest in ECB Bancorp, Inc. (NASDAQ:ECBK) Increases By 14.9%

ECB Bancorp, Inc. (NASDAQ:ECBK) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 10,000 shares, a growth of 14.9% from the May 31st total of 8,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,300 shares, the short-interest ratio is presently 2.3 days.

Insider Activity at ECB Bancorp

In related news, 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 transaction, the director now directly owns 12,212 shares in the company, valued at approximately $140,682.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO John A. Citrano bought 4,800 shares of the company’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $12.21 per share, for a total transaction of $58,608.00. Following the purchase, the chief financial officer now directly owns 44,201 shares of the company’s stock, valued at $539,694.21. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul A. Delory sold 5,052 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was 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. In the last ninety days, insiders have bought 6,100 shares of company stock worth $74,231. Insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sachetta LLC purchased a new position in shares of ECB Bancorp in the fourth quarter worth $1,345,000. Minerva Advisors LLC purchased a new position in shares of ECB Bancorp in the third quarter worth $224,000. Finally, Grimes & Company Inc. raised its holdings in shares of ECB Bancorp by 28.6% in the fourth quarter. Grimes & Company Inc. now owns 20,000 shares of the company’s stock worth $251,000 after buying an additional 4,445 shares during the last quarter. Hedge funds and other institutional investors own 30.27% of the company’s stock.

ECB Bancorp Stock Down 0.4 %

Shares of NASDAQ ECBK traded down $0.05 during midday trading on Wednesday, reaching $12.55. 2,575 shares of the company’s stock traded hands, compared to its average volume of 2,927. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.35. The stock’s 50 day simple moving average is $12.27 and its 200-day simple moving average is $12.70. ECB Bancorp has a one year low of $9.82 and a one year high of $13.63. The company has a market cap of $115.71 million, a price-to-earnings ratio of 25.61 and a beta of 0.80.

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

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.