Castalian Partners LLC Takes Position in ECB Bancorp, Inc. (NASDAQ:ECBK)

Castalian Partners LLC purchased a new position in ECB Bancorp, Inc. (NASDAQ:ECBK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 86,181 shares of the company's stock, valued at approximately $1,279,000. ECB Bancorp makes up 0.6% of Castalian Partners LLC's investment portfolio, making the stock its 20th largest holding. Castalian Partners LLC owned approximately 0.94% of ECB Bancorp at the end of the most recent reporting period.

Separately, Northern Trust Corp boosted its stake 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 last quarter. Hedge funds and other institutional investors own 30.27% of the company's stock.

ECB Bancorp Stock Performance

Shares of ECB Bancorp stock traded down $0.10 during trading on Monday, hitting $16.61. 1,776 shares of the company's stock traded hands, compared to its average volume of 9,792. ECB Bancorp, Inc. has a 1 year low of $11.49 and a 1 year high of $16.99. The business has a 50-day simple moving average of $15.31 and a 200-day simple moving average of $14.87. The stock has a market capitalization of $150.39 million, a P/E ratio of 35.33 and a beta of 0.58. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.16 earnings per share (EPS) for the quarter. ECB Bancorp had a net margin of 5.85% and a return on equity of 2.40%. The company had revenue of $6.92 million during the quarter.

Insider Activity

In other news, CFO Brandon Lavertu purchased 1,828 shares of the business's stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $14.45 per share, for a total transaction of $26,414.60. Following the acquisition, the chief financial officer now directly owns 32,383 shares of the company's stock, valued at $467,934.35. This represents a 5.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.00% of the company's stock.

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.