ECB Bancorp (NASDAQ:ECBK) Stock Price Down 0.5% – Should You Sell?

ECB Bancorp, Inc. (NASDAQ:ECBK) shares fell 0.5% during mid-day trading on Tuesday . The company traded as low as $17.25 and last traded at $17.25. 7,538 shares were traded during mid-day trading, a decline of 50% from the average session volume of 15,220 shares. The stock had previously closed at $17.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of ECB Bancorp in a report on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

ECB Bancorp Trading Down 0.5%

The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $151.80 million, a price-to-earnings ratio of 21.84 and a beta of 0.45. The company’s 50 day simple moving average is $16.98 and its two-hundred day simple moving average is $16.34.

ECB Bancorp (NASDAQ:ECBK) last issued its earnings results on Wednesday, October 22nd. The company reported $0.29 earnings per share (EPS) for the quarter. ECB Bancorp had a net margin of 8.69% and a return on equity of 3.93%. The company had revenue of $8.80 million during the quarter.

Insider Buying and Selling

In other news, Director Maura Ellen Sullivan bought 2,937 shares of the stock in a transaction on Monday, December 8th. The shares were purchased at an average price of $16.83 per share, for a total transaction of $49,429.71. Following the completion of the purchase, the director directly owned 2,937 shares of the company’s stock, valued at $49,429.71. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On ECB Bancorp

Several institutional investors have recently made changes to their positions in ECBK. Jane Street Group LLC bought a new stake in shares of ECB Bancorp in the 1st quarter valued at approximately $200,000. Geode Capital Management LLC lifted its stake in ECB Bancorp by 114.6% in the second quarter. Geode Capital Management LLC now owns 172,835 shares of the company’s stock valued at $2,669,000 after acquiring an additional 92,310 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in ECB Bancorp in the second quarter valued at approximately $56,000. New York State Common Retirement Fund bought a new stake in ECB Bancorp in the second quarter worth approximately $103,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in ECB Bancorp in the second quarter worth approximately $65,000. 30.27% of the stock is currently owned by institutional investors and hedge funds.

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. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit.