Insider Buying: ECB Bancorp, Inc. (NASDAQ:ECBK) CEO Acquires $110,500.00 in Stock

ECB Bancorp, Inc. (NASDAQ:ECBKGet Rating) CEO Richard J. O’neil, Jr. purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $11.05 per share, for a total transaction of $110,500.00. Following the completion of the transaction, the chief executive officer now directly owns 26,105 shares of the company’s stock, valued at approximately $288,460.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ECB Bancorp Stock Down 0.7 %

Shares of ECBK stock opened at $10.88 on Friday. ECB Bancorp, Inc. has a 52-week low of $10.32 and a 52-week high of $16.91. The firm’s 50-day moving average is $12.52 and its 200-day moving average is $14.81. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 1.28.

Hedge Funds Weigh In On ECB Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. bought a new stake in shares of ECB Bancorp during the 3rd quarter worth about $9,269,000. Vanguard Group Inc. bought a new stake in shares of ECB Bancorp during the third quarter worth approximately $5,859,000. BlackRock Inc. acquired a new position in shares of ECB Bancorp in the third quarter valued at approximately $1,633,000. UBS Group AG bought a new position in shares of ECB Bancorp during the third quarter worth approximately $504,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in ECB Bancorp during the 4th quarter worth approximately $401,000. 19.76% of the stock is owned by institutional investors.

About ECB Bancorp

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ECB Bancorp, Inc focuses on 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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