ECB Bancorp (NASDAQ:ECBK) Trading 0.4% Higher – Time to Buy?

ECB Bancorp, Inc. (NASDAQ:ECBK)’s share price rose 0.4% during trading on Friday . The company traded as high as $15.24 and last traded at $15.20. Approximately 11,943 shares changed hands during mid-day trading, an increase of 62% from the average daily volume of 7,367 shares. The stock had previously closed at $15.14.

ECB Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.57. The stock has a market cap of $138.59 million, a P/E ratio of 32.34 and a beta of 0.64.

ECB Bancorp (NASDAQ:ECBK) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter. ECB Bancorp had a net margin of 5.85% and a return on equity of 2.40%.

Insider Activity

In other news, CFO Brandon Lavertu bought 1,828 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $14.45 per share, for a total transaction of $26,414.60. Following the completion of the acquisition, the chief financial officer now directly owns 32,383 shares in the company, valued at approximately $467,934.35. This trade represents a 5.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ECB Bancorp stock. Northern Trust Corp grew its position in shares of ECB Bancorp, Inc. (NASDAQ:ECBK) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,464 shares of the company’s stock after buying an additional 5,495 shares during the quarter. Northern Trust Corp owned 0.33% of ECB Bancorp worth $452,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 30.27% of the company’s stock.

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.