Brandon Lavertu Buys 1,828 Shares of ECB Bancorp, Inc. (NASDAQ:ECBK) Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) CFO Brandon Lavertu acquired 1,828 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of $14.45 per share, for a total transaction of $26,414.60. Following the completion of the acquisition, the chief financial officer now owns 32,383 shares of the company’s stock, valued at approximately $467,934.35. The trade was a 5.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brandon Lavertu also recently made the following trade(s):

• On Thursday, February 20th, Brandon Lavertu bought 1,350 shares of ECB Bancorp stock. The shares were bought at an average cost of $14.41 per share, with a total value of $19,453.50.

ECB Bancorp Stock Up 0.4 %

ECB Bancorp stock opened at $14.71 on Thursday. The company’s 50-day moving average price is $14.29 and its two-hundred day moving average price is $14.39. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a market cap of $134.13 million, a P/E ratio of 31.30 and a beta of 0.70. ECB Bancorp, Inc. has a twelve month low of $11.39 and a twelve month high of $15.75.

ECB Bancorp (NASDAQ:ECBK) last announced its earnings results on Wednesday, February 5th. The company reported $0.17 earnings per share for the quarter. ECB Bancorp had a return on equity of 2.40% and a net margin of 5.85%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sachetta LLC grew its stake in shares of ECB Bancorp by 2.2% in the third quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after acquiring an additional 2,333 shares in the last quarter. Northern Trust Corp raised its stake in ECB Bancorp by 22.0% in the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock worth $452,000 after purchasing an additional 5,495 shares in the last quarter. Finally, Castalian Partners LLC bought a new stake in ECB Bancorp in the 4th quarter valued at about $1,279,000. 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.