ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Purchases $69,850.00 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu purchased 5,000 shares of the stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $13.97 per share, with a total value of $69,850.00. Following the acquisition, the chief financial officer now directly owns 45,000 shares in the company, valued at $628,650. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

ECB Bancorp Stock Performance

Shares of ECBK stock opened at $14.62 on Friday. The company has a market cap of $134.75 million, a P/E ratio of 29.84 and a beta of 0.79. The firm has a fifty day moving average price of $13.46 and a 200 day moving average price of $12.85. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.35. ECB Bancorp, Inc. has a 12 month low of $9.82 and a 12 month high of $14.62.

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

Institutional Investors Weigh In On ECB Bancorp

An institutional investor recently raised its position in ECB Bancorp stock. Renaissance Technologies LLC grew its stake in shares of ECB Bancorp, Inc. (NASDAQ:ECBK) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.39% of ECB Bancorp worth $454,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 30.27% of the company’s stock.

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.