ECB Bancorp (NASDAQ:ECBK) Shares Down 0.3% - Should You Sell?

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report)'s share price was down 0.3% on Monday . The stock traded as low as $15.20 and last traded at $15.27. Approximately 29,759 shares were traded during trading, an increase of 162% from the average daily volume of 11,365 shares. The stock had previously closed at $15.31.

ECB Bancorp Stock Down 0.3%

The stock has a market capitalization of $137.89 million, a price-to-earnings ratio of 27.27 and a beta of 0.53. 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 firm's fifty day moving average is $15.91 and its 200-day moving average is $15.08.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in ECB Bancorp in the 1st quarter worth approximately $200,000. Minerva Advisors LLC lifted its stake in shares of ECB Bancorp by 37.0% during the first quarter. Minerva Advisors LLC now owns 49,940 shares of the company's stock valued at $757,000 after acquiring an additional 13,500 shares during the period. Sachetta LLC raised its position in shares of ECB Bancorp by 5.3% during the 1st quarter. Sachetta LLC now owns 115,270 shares of the company's stock valued at $1,746,000 after acquiring an additional 5,832 shares during the last quarter. Oppenheimer & Close LLC increased its position in shares of ECB Bancorp by 10.9% in the 1st quarter. Oppenheimer & Close LLC now owns 61,007 shares of the company's stock valued at $924,000 after buying an additional 6,007 shares in the last quarter. Finally, Castalian Partners LLC bought a new stake in ECB Bancorp in the 4th quarter valued at $1,279,000. Institutional investors and hedge funds own 30.27% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.