ECB Bancorp (NASDAQ:ECBK) Trading Down 0.8% - Here's Why

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) traded down 0.8% during trading on Monday . The stock traded as low as $16.01 and last traded at $16.28. 11,023 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 10,390 shares. The stock had previously closed at $16.41.

ECB Bancorp Trading Down 0.4%

The business's 50 day moving average price is $15.80 and its two-hundred day moving average price is $15.04. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $147.88 million, a price-to-earnings ratio of 34.85 and a beta of 0.56.

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 business had revenue of $6.92 million during the quarter. ECB Bancorp had a net margin of 5.85% and a return on equity of 2.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of ECB Bancorp in the first quarter valued at approximately $200,000. Northern Trust Corp boosted 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 acquiring an additional 5,495 shares in the last quarter. Minerva Advisors LLC boosted its holdings in shares of ECB Bancorp by 37.0% in 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 in the last quarter. Oppenheimer & Close LLC boosted its holdings 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 acquiring an additional 6,007 shares in the last quarter. Finally, Castalian Partners LLC bought a new position in shares of ECB Bancorp in the fourth quarter valued at approximately $1,279,000. 30.27% of the stock is currently owned by institutional investors.

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.