ECB Bancorp (NASDAQ:ECBK) Shares Up 1.8% - Here's Why

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report)'s stock price was up 1.8% during mid-day trading on Monday . The company traded as high as $16.42 and last traded at $16.34. Approximately 13,828 shares traded hands during trading, a decline of 30% from the average daily volume of 19,745 shares. The stock had previously closed at $16.05.

ECB Bancorp Price Performance

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 capitalization of $141.18 million, a PE ratio of 24.43 and a beta of 0.49. The stock's 50 day simple moving average is $15.77 and its 200-day simple moving average is $15.29.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.17 EPS for the quarter. ECB Bancorp had a net margin of 7.29% and a return on equity of 3.17%. The company had revenue of $8.02 million for the quarter.

Hedge Funds Weigh In On ECB Bancorp

Several hedge funds have recently added to or reduced their stakes in ECBK. Jane Street Group LLC acquired a new stake in shares of ECB Bancorp in the first quarter valued at approximately $200,000. Northern Trust Corp raised its position in ECB Bancorp by 22.0% in the fourth quarter. Northern Trust Corp now owns 30,464 shares of the company's stock worth $452,000 after acquiring an additional 5,495 shares in the last quarter. Minerva Advisors LLC raised its position in ECB Bancorp by 37.0% in the first quarter. Minerva Advisors LLC now owns 49,940 shares of the company's stock worth $757,000 after acquiring an additional 13,500 shares in the last quarter. Oppenheimer & Close LLC increased its position 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 valued at $924,000 after buying an additional 6,007 shares in the last quarter. Finally, Castalian Partners LLC purchased a new position in shares of ECB Bancorp in the fourth quarter valued at $1,279,000. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

About ECB Bancorp

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.