Maura Ellen Sullivan Buys 2,937 Shares of ECB Bancorp (NASDAQ:ECBK) Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) Director Maura Ellen Sullivan purchased 2,937 shares of the business’s stock in a transaction on Monday, December 8th. The shares were acquired at an average price of $16.83 per share, for a total transaction of $49,429.71. Following the completion of the acquisition, the director directly owned 2,937 shares in the company, valued at approximately $49,429.71. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Maura Ellen Sullivan also recently made the following trade(s):

• On Tuesday, December 9th, Maura Ellen Sullivan acquired 563 shares of ECB Bancorp stock. The stock was bought at an average price of $16.98 per share, with a total value of $9,559.74.

ECB Bancorp Stock Up 0.4%

ECB Bancorp stock opened at $16.91 on Thursday. The company has a market capitalization of $148.81 million, a PE ratio of 21.41 and a beta of 0.45. ECB Bancorp, Inc. has a 12-month low of $12.56 and a 12-month high of $17.75. The firm’s fifty day moving average is $16.44 and its 200 day moving average is $16.19. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.53.

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

Hedge Funds Weigh In On ECB Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of ECB Bancorp by 114.6% in the second quarter. Geode Capital Management LLC now owns 172,835 shares of the company’s stock worth $2,669,000 after purchasing an additional 92,310 shares during the last quarter. Sachetta LLC raised its position in ECB Bancorp by 3.1% in the 3rd quarter. Sachetta LLC now owns 118,853 shares of the company’s stock valued at $1,886,000 after buying an additional 3,583 shares during the last quarter. Jane Street Group LLC bought a new position in ECB Bancorp during the 1st quarter valued at $200,000. Rhumbline Advisers lifted its stake in ECB Bancorp by 14.8% during the 3rd 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 position in ECB Bancorp during the 2nd quarter worth $103,000. Institutional investors and hedge funds own 30.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ECB Bancorp in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ECB Bancorp has an average rating of “Hold”.

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.