ECB Bancorp, Inc. (NASDAQ:ECBK) Short Interest Down 7.1% in October

ECB Bancorp, Inc. (NASDAQ:ECBK) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 11,700 shares, a drop of 7.1% from the September 30th total of 12,600 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 1.2 days.

ECB Bancorp Trading Up 0.7 %

Shares of NASDAQ ECBK traded up $0.10 during mid-day trading on Friday, reaching $15.10. 3,379 shares of the company’s stock were exchanged, compared to its average volume of 7,051. The company’s 50-day moving average is $14.20 and its 200-day moving average is $13.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $138.77 million, a price-to-earnings ratio of 38.46 and a beta of 0.79. ECB Bancorp has a 52-week low of $10.22 and a 52-week high of $15.30.

ECB Bancorp (NASDAQ:ECBK) last announced its earnings results on Friday, August 9th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $6.30 million during the quarter. ECB Bancorp had a net margin of 5.11% and a return on equity of 2.01%.

Insider Transactions at ECB Bancorp

In other ECB Bancorp news, CFO Brandon Lavertu acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $13.97 per share, for a total transaction of $69,850.00. Following the completion of the acquisition, the chief financial officer now owns 45,000 shares of the company’s stock, valued at approximately $628,650. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.00% of the company’s stock.

Institutional Trading of ECB Bancorp

An institutional investor recently raised its position in ECB Bancorp stock. Renaissance Technologies LLC raised its position in shares of ECB Bancorp, Inc. (NASDAQ:ECBK) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,400 shares of the company’s stock after buying an additional 1,300 shares during the period. Renaissance Technologies LLC owned about 0.39% of ECB Bancorp worth $454,000 as of its most recent filing with the Securities & Exchange Commission. 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.