ECB Bancorp (NASDAQ:ECBK) Trading Down 0.8% – Here’s Why

ECB Bancorp, Inc. (NASDAQ:ECBK) was down 0.8% on Monday . The company traded as low as $16.01 and last traded at $16.28. Approximately 11,023 shares were traded during trading, an increase of 6% from the average daily volume of 10,390 shares. The stock had previously closed at $16.41.

ECB Bancorp Trading Down 0.8%

The company has a market capitalization of $146.98 million, a PE ratio of 34.64 and a beta of 0.56. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average of $15.71 and a two-hundred day moving average of $15.01.

ECB Bancorp (NASDAQ:ECBK) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $6.92 million for the quarter. ECB Bancorp had a return on equity of 2.40% and a net margin of 5.85%.

Hedge Funds Weigh In On ECB Bancorp

A number of large investors have recently bought and sold shares of ECBK. Jane Street Group LLC purchased a new position in ECB Bancorp in the 1st quarter worth approximately $200,000. Northern Trust Corp increased 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 during the period. Minerva Advisors LLC increased its stake in ECB Bancorp by 37.0% in the 1st quarter. Minerva Advisors LLC now owns 49,940 shares of the company’s stock worth $757,000 after purchasing an additional 13,500 shares during the period. Oppenheimer & Close LLC increased its stake in ECB Bancorp by 10.9% in the 1st quarter. Oppenheimer & Close LLC now owns 61,007 shares of the company’s stock worth $924,000 after purchasing an additional 6,007 shares during the period. Finally, Castalian Partners LLC purchased a new position in ECB Bancorp in the 4th quarter worth approximately $1,279,000. 30.27% of the stock is owned by hedge funds and other 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.