ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 17,600 shares, an increase of 44.3% from the May 15th total of 12,200 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company's stock are short sold.
ECB Bancorp Stock Up 0.3%
Shares of ECBK stock traded up $0.05 during mid-day trading on Thursday, reaching $15.12. 15,217 shares of the company were exchanged, compared to its average volume of 11,206. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50 day simple moving average is $15.89 and its 200 day simple moving average is $15.09. The company has a market capitalization of $136.53 million, a P/E ratio of 27.00 and a beta of 0.53. ECB Bancorp has a fifty-two week low of $12.36 and a fifty-two week high of $16.99.
ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $6.92 million during 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
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in ECB Bancorp during the 1st quarter valued at $200,000. Northern Trust Corp lifted its holdings in shares of ECB Bancorp by 22.0% in the fourth quarter. Northern Trust Corp now owns 30,464 shares of the company's stock valued at $452,000 after buying an additional 5,495 shares during the period. Minerva Advisors LLC boosted its position in shares of 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 in the last quarter. Oppenheimer & Close LLC boosted its position in shares of ECB Bancorp by 10.9% during the 1st quarter. Oppenheimer & Close LLC now owns 61,007 shares of the company's stock valued at $924,000 after purchasing an additional 6,007 shares in the last quarter. Finally, Castalian Partners LLC acquired a new position in shares of ECB Bancorp in the 4th quarter worth approximately $1,279,000. Institutional investors own 30.27% of the company's stock.
About ECB Bancorp
(
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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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