ECB Bancorp (NASDAQ:ECBK) Director Purchases $40,700.00 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) Director Maura Ellen Sullivan purchased 2,200 shares of ECB Bancorp stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $18.50 per share, with a total value of $40,700.00. Following the transaction, the director directly owned 5,700 shares of the company’s stock, valued at $105,450. This represents a 62.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Maura Ellen Sullivan also recently made the following trade(s):

• On Tuesday, December 9th, Maura Ellen Sullivan purchased 563 shares of ECB Bancorp stock. The shares were acquired at an average cost of $16.98 per share, for a total transaction of $9,559.74.
• On Monday, December 8th, Maura Ellen Sullivan bought 2,937 shares of ECB Bancorp stock. The shares were bought at an average price of $16.83 per share, for a total transaction of $49,429.71.

ECB Bancorp Stock Performance

Shares of NASDAQ ECBK opened at $18.06 on Thursday. ECB Bancorp, Inc. has a 12-month low of $13.98 and a 12-month high of $18.75. The firm has a 50 day moving average of $17.38 and a 200 day moving average of $16.72. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $158.93 million, a price-to-earnings ratio of 19.42 and a beta of 0.45.

ECB Bancorp (NASDAQ:ECBK) last announced its earnings results on Thursday, February 5th. The company reported $0.31 EPS for the quarter. The company had revenue of $9.51 million for the quarter. ECB Bancorp had a return on equity of 4.61% and a net margin of 9.78%.

Institutional Investors Weigh In On ECB Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in ECB Bancorp in the 1st quarter worth $200,000. Geode Capital Management LLC grew its position in shares of ECB Bancorp by 114.6% in the second quarter. Geode Capital Management LLC now owns 172,835 shares of the company’s stock valued at $2,669,000 after purchasing an additional 92,310 shares during the period. JPMorgan Chase & Co. acquired a new position in ECB Bancorp in the 2nd quarter valued at $56,000. New York State Common Retirement Fund acquired a new stake in shares of ECB Bancorp in the second quarter valued at approximately $103,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in ECB Bancorp in the 2nd quarter valued at about $65,000. Institutional investors and hedge funds own 30.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of ECB Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit.