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

ECB Bancorp, Inc. (NASDAQ:ECBK) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 8,000 shares, a drop of 31.6% from the October 15th total of 11,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.8 days.

Insider Transactions at ECB Bancorp

In other news, CFO Brandon Lavertu acquired 5,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $13.97 per share, for a total transaction of $69,850.00. Following the completion of the transaction, the chief financial officer now owns 45,000 shares of the company’s stock, valued at $628,650. The trade was a 12.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.00% of the company’s stock.

Institutional Trading of ECB Bancorp

Several institutional investors have recently added to or reduced their stakes in ECBK. Eastern Bank purchased a new stake in ECB Bancorp during the 3rd quarter valued at about $229,000. Renaissance Technologies LLC increased its stake in shares of ECB Bancorp by 3.7% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock worth $454,000 after buying an additional 1,300 shares during the period. Finally, Sachetta LLC boosted its position in ECB Bancorp by 2.2% during 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 period. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

ECB Bancorp Price Performance

NASDAQ:ECBK remained flat at $14.96 during trading hours on Thursday. The company had a trading volume of 128 shares, compared to its average volume of 7,145. The company has a market cap of $136.39 million, a price-to-earnings ratio of 38.35 and a beta of 0.76. The company has a current ratio of 1.31, a quick ratio of 1.32 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average of $14.52 and a two-hundred day moving average of $13.38. ECB Bancorp has a 12 month low of $10.78 and a 12 month high of $15.68.

ECB Bancorp (NASDAQ:ECBK) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.14 earnings per share for the quarter. ECB Bancorp had a net margin of 5.11% and a return on equity of 2.01%. The company had revenue of $6.60 million for the quarter.

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.