Brandon Lavertu Purchases 5,000 Shares of ECB Bancorp, Inc. (NASDAQ:ECBK) Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $13.97 per share, for a total transaction of $69,850.00. Following the acquisition, the chief financial officer now directly owns 45,000 shares in the company, valued at approximately $628,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ECB Bancorp Stock Performance

NASDAQ ECBK opened at $14.62 on Friday. 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 company has a market cap of $134.75 million, a P/E ratio of 29.84 and a beta of 0.79. The stock has a 50-day moving average of $13.46 and a two-hundred day moving average of $12.85. ECB Bancorp, Inc. has a 1-year low of $9.82 and a 1-year high of $14.62.

ECB Bancorp (NASDAQ:ECBK) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $6.30 million during the quarter. ECB Bancorp had a net margin of 5.68% and a return on equity of 2.14%.

Institutional Trading of ECB Bancorp

An institutional investor recently raised its position in ECB Bancorp stock. Renaissance Technologies LLC increased its stake in shares of ECB Bancorp, Inc. (NASDAQ:ECBK) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,400 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Renaissance Technologies LLC owned 0.39% of ECB Bancorp worth $454,000 at the end of the most recent quarter. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

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.