ECB Bancorp, Inc. (NASDAQ:ECBK) Director Sells $58,199.04 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBKGet Free Report) Director Paul A. Delory sold 5,052 shares of ECB Bancorp stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $11.52, for a total transaction of $58,199.04. Following the transaction, the director now owns 12,212 shares in the company, valued at approximately $140,682.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

ECB Bancorp Price Performance

NASDAQ:ECBK opened at $12.52 on Friday. The business’s 50-day simple moving average is $12.56 and its two-hundred day simple moving average is $12.51. ECB Bancorp, Inc. has a 52 week low of $9.82 and a 52 week high of $13.63. The stock has a market cap of $115.43 million, a PE ratio of 25.55 and a beta of 0.78. The company has a quick ratio of 1.34, a current ratio of 1.32 and a debt-to-equity ratio of 1.35.

ECB Bancorp (NASDAQ:ECBKGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $6.21 million during the quarter. ECB Bancorp had a return on equity of 2.53% and a net margin of 7.01%.

Institutional Investors Weigh In On ECB Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Sachetta LLC purchased a new position in shares of ECB Bancorp in the fourth quarter worth $1,345,000. Grimes & Company Inc. increased its holdings in ECB Bancorp by 28.6% in the 4th quarter. Grimes & Company Inc. now owns 20,000 shares of the company’s stock valued at $251,000 after acquiring an additional 4,445 shares during the last quarter. Finally, Minerva Advisors LLC purchased a new stake in ECB Bancorp in the 3rd quarter worth $224,000. 30.27% of the stock is owned by hedge funds and other institutional investors.

ECB Bancorp Company Profile

(Get Free Report)

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.

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