ECB Bancorp (NASDAQ:ECBK) CEO Purchases $19,812.50 in Stock

Key Points

• CEO Richard O'neil Jr. of ECB Bancorp purchased 1,250 shares at an average price of $15.85, increasing his total ownership to 27,355 shares valued at approximately $433,576.75.
• ECB Bancorp stock experienced a 1.8% increase in value, trading at $16.34, following recent quarterly earnings that reported a net margin of 7.29% and earnings per share of $0.17.
• Institutional investors, including Bank of America and JPMorgan Chase, significantly increased their stakes in ECB Bancorp, with hedge funds now owning 30.27% of the company's stock.

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) CEO Richard J. O'neil, Jr. acquired 1,250 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average price of $15.85 per share, for a total transaction of $19,812.50. Following the completion of the purchase, the chief executive officer directly owned 27,355 shares in the company, valued at $433,576.75. This trade represents a 4.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ECB Bancorp Stock Performance

NASDAQ:ECBK traded down $0.33 on Monday, reaching $16.06. 10,843 shares of the company's stock were exchanged, compared to its average volume of 9,843. The firm has a market cap of $142.13 million, a price-to-earnings ratio of 25.09 and a beta of 0.49. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a fifty day simple moving average of $16.35 and a 200-day simple moving average of $15.88. ECB Bancorp, Inc. has a 52 week low of $12.56 and a 52 week high of $17.33.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced its quarterly earnings results 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.

Institutional Trading of ECB Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake 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 acquiring an additional 92,310 shares in the last quarter. Minerva Advisors LLC boosted its holdings in ECB Bancorp by 37.0% in 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 during the period. Jane Street Group LLC purchased a new position in shares of ECB Bancorp during the 1st quarter valued at $200,000. New York State Common Retirement Fund bought a new position in shares of ECB Bancorp in the second quarter worth $103,000. Finally, Oppenheimer & Close LLC raised 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 worth $924,000 after buying an additional 6,007 shares in the last quarter. 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.