Richard O'neil Jr Acquires 1,250 Shares of ECB Bancorp (NASDAQ:ECBK) 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 O'neil, Jr. purchased 1,250 shares of ECB Bancorp stock in a transaction that occurred on Tuesday, September 16th. The stock was bought at an average cost of $15.85 per share, for a total transaction of $19,812.50. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ECB Bancorp Trading Up 1.8%

ECB Bancorp stock traded up $0.29 during trading hours on Thursday, hitting $16.34. The company had a trading volume of 11,581 shares, compared to its average volume of 7,785. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $144.61 million, a P/E ratio of 25.53 and a beta of 0.50. The company has a 50-day moving average price of $16.35 and a two-hundred day moving average price of $15.85. ECB Bancorp, Inc. has a 1 year low of $12.56 and a 1 year high of $17.33.

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 firm had revenue of $8.02 million during the quarter.

Hedge Funds Weigh In On ECB Bancorp

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in ECB Bancorp by 5,104.5% in the second quarter. Bank of America Corp DE now owns 3,435 shares of the company's stock worth $53,000 after acquiring an additional 3,369 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of ECB Bancorp in the 2nd quarter worth approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of ECB Bancorp during the second quarter valued at approximately $65,000. New York State Common Retirement Fund purchased a new position in ECB Bancorp during the second quarter valued at approximately $103,000. Finally, Jane Street Group LLC purchased a new stake in ECB Bancorp during the first quarter worth $200,000. Hedge funds and other institutional investors 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.

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