ECB Bancorp (NASDAQ:ECBK) Trading Down 0.5% – Here’s What Happened

ECB Bancorp, Inc. (NASDAQ:ECBK) shares traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $17.25 and last traded at $17.25. 7,538 shares were traded during trading, a decline of 50% from the average session volume of 15,220 shares. The stock had previously closed at $17.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of ECB Bancorp in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

ECB Bancorp Stock Performance

The firm has a market capitalization of $153.03 million, a PE ratio of 22.01 and a beta of 0.45. The business has a 50-day simple moving average of $17.01 and a 200-day simple moving average of $16.34. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.28 and a quick ratio of 1.28.

ECB Bancorp (NASDAQ:ECBK) last released its earnings results on Wednesday, October 22nd. The company reported $0.29 earnings per share for the quarter. ECB Bancorp had a return on equity of 3.93% and a net margin of 8.69%.The firm had revenue of $8.80 million for the quarter.

Insider Buying and Selling at ECB Bancorp

In other news, Director Maura Ellen Sullivan bought 2,937 shares of ECB Bancorp stock in a transaction dated Monday, December 8th. The shares were acquired at an average price of $16.83 per share, with a total value of $49,429.71. Following the completion of the purchase, the director owned 2,937 shares in the company, valued at $49,429.71. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.00% of the company’s stock.

Institutional Trading of ECB Bancorp

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in ECB Bancorp by 114.6% in the 2nd quarter. Geode Capital Management LLC now owns 172,835 shares of the company’s stock worth $2,669,000 after buying an additional 92,310 shares during the period. Sachetta LLC increased its position in shares of ECB Bancorp by 3.1% during the third quarter. Sachetta LLC now owns 118,853 shares of the company’s stock worth $1,886,000 after acquiring an additional 3,583 shares during the period. Jane Street Group LLC bought a new stake in shares of ECB Bancorp during the first quarter valued at approximately $200,000. Rhumbline Advisers raised its stake in shares of ECB Bancorp by 14.8% during the third quarter. Rhumbline Advisers now owns 11,551 shares of the company’s stock valued at $183,000 after acquiring an additional 1,485 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of ECB Bancorp in the second quarter valued at approximately $103,000. 30.27% of the stock is 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. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit.