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

ECB Bancorp, Inc. (NASDAQ:ECBK) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 10,000 shares, an increase of 14.9% from the May 31st total of 8,700 shares. Based on an average daily volume of 4,300 shares, the short-interest ratio is presently 2.3 days. Currently, 0.1% of the company’s shares are short sold.

ECB Bancorp Price Performance

Shares of NASDAQ ECBK opened at $12.48 on Monday. The firm’s 50-day moving average price is $12.27 and its 200-day moving average price is $12.70. ECB Bancorp has a 1-year low of $9.82 and a 1-year high of $13.63. The firm has a market capitalization of $115.07 million, a P/E ratio of 25.47 and a beta of 0.80. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.35.

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

Insider Transactions at ECB Bancorp

In related news, 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 value of $58,199.04. Following the transaction, the director now owns 12,212 shares in the company, valued at $140,682.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, 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 value of $58,199.04. Following the transaction, the director now owns 12,212 shares in the company, valued at $140,682.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John A. Citrano bought 4,800 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $12.21 per share, for a total transaction of $58,608.00. Following 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 90 days, insiders have acquired 6,100 shares of company stock worth $74,231. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On ECB Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in ECBK. Minerva Advisors LLC bought a new stake in shares of ECB Bancorp during the third quarter worth about $224,000. Grimes & Company Inc. increased its position in shares of ECB Bancorp by 28.6% during the fourth quarter. Grimes & Company Inc. now owns 20,000 shares of the company’s stock worth $251,000 after acquiring an additional 4,445 shares in the last quarter. Finally, Sachetta LLC bought a new stake in shares of ECB Bancorp during the fourth quarter worth about $1,345,000. 30.27% of the stock is owned by institutional investors.

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.