Insider Buying: ECB Bancorp, Inc. (NASDAQ:ECBK) COO Purchases $67,350.00 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) COO John A. Citrano bought 5,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of $13.47 per share, with a total value of $67,350.00. Following the completion of the transaction, the chief operating officer now owns 51,000 shares of the company’s stock, valued at $686,970. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

ECB Bancorp Price Performance

Shares of NASDAQ:ECBK opened at $14.62 on Friday. ECB Bancorp, Inc. has a one year low of $9.82 and a one year high of $14.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $134.75 million, a price-to-earnings ratio of 29.84 and a beta of 0.79. The company’s fifty day moving average price is $13.46 and its 200-day moving average price is $12.85.

ECB Bancorp (NASDAQ:ECBK) last released its earnings results on Friday, August 9th. The company reported $0.09 EPS for the quarter. ECB Bancorp had a return on equity of 2.14% and a net margin of 5.68%. The business had revenue of $6.30 million for the quarter.

Hedge Funds Weigh In On ECB Bancorp

A hedge fund recently raised its stake in ECB Bancorp stock. Renaissance Technologies LLC boosted its position in ECB Bancorp, Inc. (NASDAQ:ECBK) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,400 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of ECB Bancorp worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.