ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Acquires $26,414.60 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu purchased 1,828 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $14.45 per share, with a total value of $26,414.60. Following the completion of the acquisition, the chief financial officer now owns 32,383 shares in the company, valued at $467,934.35. This represents a 5.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, February 20th, Brandon Lavertu purchased 1,350 shares of ECB Bancorp stock. The stock was bought at an average price of $14.41 per share, with a total value of $19,453.50.

ECB Bancorp Stock Up 0.8 %

Shares of NASDAQ ECBK opened at $14.83 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $14.28 and a 200 day moving average price of $14.39. The company has a market cap of $135.22 million, a P/E ratio of 31.55 and a beta of 0.70. ECB Bancorp, Inc. has a 12-month low of $11.39 and a 12-month high of $15.75.

ECB Bancorp (NASDAQ:ECBK) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 earnings per share for the quarter. ECB Bancorp had a net margin of 5.85% and a return on equity of 2.40%.

Hedge Funds Weigh In On ECB Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp boosted 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 buying an additional 5,495 shares during the last quarter. Castalian Partners LLC purchased a new position in ECB Bancorp in the 4th quarter valued at about $1,279,000. Finally, Sachetta LLC boosted its position in ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after buying an additional 2,333 shares during the last quarter. 30.27% of the stock is owned by hedge funds and other 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.