ECB Bancorp (NASDAQ:ECBK) Trading Down 0.3% – Should You Sell?

Shares of ECB Bancorp, Inc. (NASDAQ:ECBKGet Free Report) fell 0.3% during mid-day trading on Monday . The stock traded as low as $15.20 and last traded at $15.27. 29,759 shares traded hands during mid-day trading, an increase of 162% from the average session volume of 11,365 shares. The stock had previously closed at $15.31.

ECB Bancorp Stock Down 0.3%

The stock has a 50-day moving average of $15.91 and a 200 day moving average of $15.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $137.89 million, a P/E ratio of 27.27 and a beta of 0.53.

ECB Bancorp (NASDAQ:ECBKGet Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $6.92 million for the quarter. ECB Bancorp had a net margin of 6.65% and a return on equity of 2.79%.

Institutional Investors Weigh In On ECB Bancorp

Several large investors have recently made changes to their positions in the business. Sachetta LLC increased its stake in shares of ECB Bancorp by 5.3% in the first quarter. Sachetta LLC now owns 115,270 shares of the company’s stock worth $1,746,000 after purchasing an additional 5,832 shares in the last quarter. Castalian Partners LLC bought a new position in shares of ECB Bancorp during the 4th quarter valued at $1,279,000. Oppenheimer & Close LLC increased its stake in shares of ECB Bancorp by 10.9% in the first quarter. Oppenheimer & Close LLC now owns 61,007 shares of the company’s stock worth $924,000 after buying an additional 6,007 shares during the period. Minerva Advisors LLC increased its holdings in ECB Bancorp by 37.0% during the 1st quarter. Minerva Advisors LLC now owns 49,940 shares of the company’s stock valued at $757,000 after purchasing an additional 13,500 shares during the period. Finally, Northern Trust Corp increased its position in ECB Bancorp by 22.0% during the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock valued at $452,000 after purchasing an additional 5,495 shares during the period. 30.27% of the stock is owned by hedge funds and other institutional investors.

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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