Brandon Lavertu Buys 1,350 Shares of ECB Bancorp, Inc. (NASDAQ:ECBK) Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu bought 1,350 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $14.41 per share, with a total value of $19,453.50. Following the completion of the purchase, the chief financial officer now directly owns 46,350 shares in the company, valued at $667,903.50. The trade was a 3.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brandon Lavertu also recently made the following trade(s):

• On Monday, February 24th, Brandon Lavertu purchased 1,828 shares of ECB Bancorp stock. The shares were acquired at an average cost of $14.45 per share, for a total transaction of $26,414.60.

ECB Bancorp Stock Performance

ECBK opened at $14.60 on Wednesday. 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, Inc. has a 12-month low of $11.39 and a 12-month high of $15.75. The business has a 50 day moving average of $14.29 and a 200-day moving average of $14.39. The stock has a market cap of $133.12 million, a price-to-earnings ratio of 31.06 and a beta of 0.70.

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

Institutional Trading of ECB Bancorp

A number of hedge funds have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in ECB Bancorp by 22.0% in the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock valued at $452,000 after acquiring an additional 5,495 shares during the period. Castalian Partners LLC bought a new stake in shares of ECB Bancorp during the fourth quarter worth approximately $1,279,000. Finally, Sachetta LLC grew its position in shares of ECB Bancorp by 2.2% in the third quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,333 shares during the last quarter. 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.