Castalian Partners LLC purchased a new stake in shares of ECB Bancorp, Inc. (NASDAQ:ECBK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 86,181 shares of the company's stock, valued at approximately $1,279,000. ECB Bancorp accounts for 0.6% of Castalian Partners LLC's holdings, making the stock its 20th biggest position. Castalian Partners LLC owned approximately 0.94% of ECB Bancorp at the end of the most recent reporting period.
Separately, Northern Trust Corp grew its position in shares of 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 acquiring an additional 5,495 shares during the period. 30.27% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Brandon Lavertu bought 1,828 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired 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 directly owns 32,383 shares in the company, valued at $467,934.35. This trade represents a 5.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is owned by insiders.
ECB Bancorp Price Performance
Shares of ECB Bancorp stock traded up $0.57 on Friday, hitting $16.70. The company's stock had a trading volume of 27,021 shares, compared to its average volume of 9,796. The company has a market capitalization of $151.25 million, a price-to-earnings ratio of 35.53 and a beta of 0.58. The firm has a fifty day moving average price of $15.31 and a 200-day moving average price of $14.88. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. ECB Bancorp, Inc. has a 1 year low of $11.45 and a 1 year high of $16.99.
ECB Bancorp (NASDAQ:ECBK - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.16 EPS for the quarter. ECB Bancorp had a return on equity of 2.40% and a net margin of 5.85%. The business had revenue of $6.92 million during the quarter.
About ECB Bancorp
(
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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