Geode Capital Management LLC Sells 8,786 Shares of ECB Bancorp, Inc. (NASDAQ:ECBK)

Geode Capital Management LLC lessened its stake in ECB Bancorp, Inc. (NASDAQ:ECBK) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,092 shares of the company’s stock after selling 8,786 shares during the quarter. Geode Capital Management LLC owned approximately 0.87% of ECB Bancorp worth $1,133,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in ECB Bancorp by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock valued at $454,000 after acquiring an additional 1,300 shares in the last quarter. Eastern Bank purchased a new stake in shares of ECB Bancorp in the third quarter valued at about $229,000. Finally, Sachetta LLC lifted its position in shares of ECB Bancorp by 2.2% during the third quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,333 shares in the last quarter. Hedge funds and other institutional investors own 30.27% of the company’s stock.

ECB Bancorp Trading Down 5.2 %

Shares of ECBK stock opened at $13.63 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $124.28 million, a price-to-earnings ratio of 34.95 and a beta of 0.72. ECB Bancorp, Inc. has a 52-week low of $11.39 and a 52-week high of $15.75. The company has a 50-day simple moving average of $14.97 and a two-hundred day simple moving average of $14.14.

ECB Bancorp (NASDAQ:ECBK) last announced its earnings results on Thursday, October 24th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $6.60 million for the quarter. ECB Bancorp had a return on equity of 2.01% and a net margin of 5.11%.

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.