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

ECB Bancorp, Inc. (NASDAQ:ECBK) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 7,900 shares, a decrease of 21.0% from the June 15th total of 10,000 shares. Based on an average daily volume of 4,300 shares, the short-interest ratio is currently 1.8 days. Currently, 0.1% of the shares of the company are sold short.

ECB Bancorp Stock Up 0.1 %

ECB Bancorp stock opened at $12.85 on Tuesday. The firm has a market cap of $118.43 million, a price-to-earnings ratio of 26.21 and a beta of 0.80. ECB Bancorp has a 52 week low of $9.82 and a 52 week high of $13.63. The business’s 50-day moving average price is $12.40 and its 200 day moving average price is $12.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.35.

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

Insider Activity

In other news, CFO John A. Citrano acquired 4,800 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $12.21 per share, with a total value of $58,608.00. Following the completion of the acquisition, the chief financial officer now owns 44,201 shares of the company’s stock, valued at $539,694.21. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Paul A. Delory sold 5,052 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $11.52, for a total transaction of $58,199.04. Following the sale, the director now directly owns 12,212 shares of the company’s stock, valued at $140,682.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John A. Citrano bought 4,800 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $12.21 per share, for a total transaction of $58,608.00. Following the completion of the acquisition, the chief financial officer now owns 44,201 shares of the company’s stock, valued at $539,694.21. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,100 shares of company stock valued at $74,231. Company insiders own 6.00% of the company’s stock.

Institutional Trading of ECB Bancorp

An institutional investor recently bought a new position in ECB Bancorp stock. Sachetta LLC acquired a new stake in ECB Bancorp, Inc. (NASDAQ:ECBK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 107,105 shares of the company’s stock, valued at approximately $1,345,000. ECB Bancorp accounts for approximately 0.6% of Sachetta LLC’s investment portfolio, making the stock its 28th largest holding. Sachetta LLC owned about 1.14% of ECB Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 30.27% of the company’s stock.

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.