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

by · The Cerbat Gem

ECB Bancorp, Inc. (NASDAQ:ECBK – Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 13,800 shares, an increase of 32.7% from the March 15th total of 10,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 1.2 days.

Insider Buying and Selling at ECB Bancorp

In related news, CFO Brandon Lavertu bought 1,828 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $14.45 per share, for a total transaction of $26,414.60. Following the completion of the transaction, the chief financial officer now owns 32,383 shares in the company, valued at $467,934.35. The trade was a 5.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ECB Bancorp stock. Castalian Partners LLC acquired a new stake in shares of ECB Bancorp, Inc. (NASDAQ:ECBK – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 86,181 shares of the company’s stock, valued at approximately $1,279,000. ECB Bancorp comprises 0.6% of Castalian Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Castalian Partners LLC owned 0.94% of ECB Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 30.27% of the stock is currently owned by hedge funds and other institutional investors.

ECB Bancorp Price Performance

ECBK stock traded up $0.34 during mid-day trading on Friday, hitting $15.54. The company had a trading volume of 23,265 shares, compared to its average volume of 8,999. The company has a 50-day moving average price of $14.92 and a 200 day moving average price of $14.76. ECB Bancorp has a 12-month low of $11.39 and a 12-month high of $15.75. The company has a market capitalization of $140.75 million, a price-to-earnings ratio of 33.06 and a beta of 0.58. 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 – Get Free Report) last issued its 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%.

About ECB Bancorp

(Get Free Report)

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.

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