ECB Bancorp, Inc. (NASDAQ:ECBK) Director Sells $58,199.04 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBKGet Free Report) Director Paul A. Delory sold 5,052 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $11.52, for a total transaction of $58,199.04. Following the transaction, the director now owns 12,212 shares of the company’s stock, valued at $140,682.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ECB Bancorp Trading Down 0.5 %

Shares of ECBK stock opened at $12.52 on Friday. ECB Bancorp, Inc. has a 52-week low of $9.82 and a 52-week high of $13.63. The business’s fifty day moving average is $12.56 and its 200 day moving average is $12.51. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.34 and a current ratio of 1.32. The company has a market capitalization of $115.43 million, a PE ratio of 25.55 and a beta of 0.78.

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

Hedge Funds Weigh In On ECB Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of ECBK. Minerva Advisors LLC bought a new position in shares of ECB Bancorp during the 3rd quarter valued at about $224,000. Grimes & Company Inc. boosted its stake in ECB Bancorp by 28.6% in the fourth quarter. Grimes & Company Inc. now owns 20,000 shares of the company’s stock worth $251,000 after buying an additional 4,445 shares in the last quarter. Finally, Sachetta LLC bought a new position in ECB Bancorp during the fourth quarter valued at approximately $1,345,000. Hedge funds and other institutional investors own 30.27% of the company’s stock.

ECB Bancorp Company Profile

(Get Free Report)

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.

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