ECB Bancorp (NASDAQ:ECBK) Director Buys $40,700.00 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) Director Maura Ellen Sullivan purchased 2,200 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were bought at an average price of $18.50 per share, with a total value of $40,700.00. Following the purchase, the director directly owned 5,700 shares of the company’s stock, valued at approximately $105,450. The trade was a 62.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 purchased at an average price of $16.98 per share, for a total transaction of $9,559.74.
• On Monday, December 8th, Maura Ellen Sullivan acquired 2,937 shares of ECB Bancorp stock. The stock was purchased at an average cost of $16.83 per share, for a total transaction of $49,429.71.

ECB Bancorp Stock Performance

ECB Bancorp stock traded up $0.16 during trading hours on Monday, reaching $18.37. 5,499 shares of the stock were exchanged, compared to its average volume of 9,188. ECB Bancorp, Inc. has a 52-week low of $13.92 and a 52-week high of $18.68. The stock has a market cap of $161.66 million, a P/E ratio of 19.75 and a beta of 0.45. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50 day moving average is $17.31 and its 200 day moving average is $16.68.

ECB Bancorp (NASDAQ:ECBK) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $9.51 million for the quarter. ECB Bancorp had a net margin of 9.78% and a return on equity of 4.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in shares of ECB Bancorp by 22.9% in the 4th quarter. HighTower Advisors LLC now owns 43,000 shares of the company’s stock worth $748,000 after acquiring an additional 8,000 shares during the period. Bank of America Corp DE raised its holdings in ECB Bancorp by 36.8% during the third quarter. Bank of America Corp DE now owns 4,699 shares of the company’s stock worth $75,000 after purchasing an additional 1,264 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ECB Bancorp by 61.6% during the third quarter. JPMorgan Chase & Co. now owns 5,898 shares of the company’s stock worth $94,000 after purchasing an additional 2,248 shares in the last quarter. Rhumbline Advisers grew its holdings in ECB Bancorp by 14.8% in the third quarter. Rhumbline Advisers now owns 11,551 shares of the company’s stock valued at $183,000 after purchasing an additional 1,485 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in ECB Bancorp in the second quarter valued at $103,000. 30.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut ECB Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, ECB Bancorp presently has an average rating of “Hold”.

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.