ECB Bancorp (NASDAQ:ECBK) Trading Up 1.4% - What's Next?

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) shares traded up 1.4% during trading on Tuesday . The stock traded as high as $15.55 and last traded at $15.55. 7,020 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 7,752 shares. The stock had previously closed at $15.33.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of ECB Bancorp in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".

ECB Bancorp Trading Up 1.4%

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.57. The business's fifty day moving average is $16.17 and its 200-day moving average is $15.94. The stock has a market capitalization of $137.62 million, a PE ratio of 24.30 and a beta of 0.47.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.17 earnings per share 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.

Institutional Investors Weigh In On ECB Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Close LLC raised its holdings 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 worth $924,000 after purchasing an additional 6,007 shares during the period. Sachetta LLC increased its position in ECB Bancorp by 5.3% during the 1st quarter. Sachetta LLC now owns 115,270 shares of the company's stock worth $1,746,000 after purchasing an additional 5,832 shares in the last quarter. Minerva Advisors LLC increased its position in ECB Bancorp by 37.0% during the 1st quarter. Minerva Advisors LLC now owns 49,940 shares of the company's stock worth $757,000 after purchasing an additional 13,500 shares in the last quarter. Jane Street Group LLC purchased a new position in ECB Bancorp in the first quarter valued at approximately $200,000. Finally, Geode Capital Management LLC lifted its position in ECB Bancorp by 114.6% during the second quarter. Geode Capital Management LLC now owns 172,835 shares of the company's stock valued at $2,669,000 after buying an additional 92,310 shares in the last quarter. 30.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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