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

ECB Bancorp, Inc. (NASDAQ:ECBK) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 10,600 shares, a growth of 24.7% from the January 31st total of 8,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is currently 1.6 days.

Insider Activity at ECB Bancorp

In other ECB Bancorp news, CFO Brandon Lavertu bought 1,828 shares of ECB Bancorp stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $14.45 per share, for a total transaction of $26,414.60. Following the acquisition, the chief financial officer now directly owns 32,383 shares in the company, valued at $467,934.35. This represents a 5.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ECB Bancorp

Large investors have recently modified their holdings of the company. Sachetta LLC grew its stake in shares of ECB Bancorp by 2.2% during the third quarter. Sachetta LLC now owns 109,438 shares of the company’s stock worth $1,567,000 after purchasing an additional 2,333 shares in the last quarter. Castalian Partners LLC purchased a new stake in ECB Bancorp during the 4th quarter worth about $1,279,000. Finally, Northern Trust Corp boosted its position in shares of ECB Bancorp by 22.0% during the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock worth $452,000 after acquiring an additional 5,495 shares in the last quarter. 30.27% of the stock is owned by hedge funds and other institutional investors.

ECB Bancorp Stock Up 0.3 %

ECB Bancorp stock opened at $14.99 on Friday. The firm has a market capitalization of $136.68 million, a P/E ratio of 31.89 and a beta of 0.70. The stock’s fifty day simple moving average is $14.28 and its 200-day simple moving average is $14.45. ECB Bancorp has a twelve month low of $11.39 and a twelve month high of $15.75. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41.

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

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.