ECB Bancorp (NASDAQ:ECBK) Stock Price Up 0.5% – What’s Next?

ECB Bancorp, Inc. (NASDAQ:ECBK) shares traded up 0.5% during mid-day trading on Monday . The stock traded as high as $15.18 and last traded at $15.12. 7,437 shares changed hands during trading, an increase of 4% from the average session volume of 7,142 shares. The stock had previously closed at $15.05.

ECB Bancorp Stock Performance

The business has a fifty day moving average of $15.04 and a 200 day moving average of $13.96. The company has a market cap of $137.86 million, a P/E ratio of 38.77 and a beta of 0.73. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41.

ECB Bancorp (NASDAQ:ECBK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.14 EPS for the quarter. ECB Bancorp had a net margin of 5.11% and a return on equity of 2.01%. The business had revenue of $6.60 million during the quarter.

Institutional Investors Weigh In On ECB Bancorp

Several hedge funds have recently made changes to their positions in the company. Eastern Bank purchased a new stake in ECB Bancorp in the third quarter worth about $229,000. Renaissance Technologies LLC boosted its position in shares of ECB Bancorp by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock worth $454,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Sachetta LLC grew its stake in shares of ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock worth $1,567,000 after buying an additional 2,333 shares during the last quarter. 30.27% of the stock is currently owned by institutional investors.

About ECB Bancorp

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.