Key Points
- ECB Bancorp director Maura Ellen Sullivan bought 2,200 shares on Feb. 9 at an average price of $18.50 for a $40,700 transaction, raising her direct holdings to 5,700 shares (a 62.86% increase).
- Sullivan has been accumulating shares recently, purchasing 2,937 shares on Dec. 8 and 563 shares on Dec. 9 (3,500 shares total in December) at roughly $16.83–$16.98 per share.
- ECB Bancorp (ECBK) trades around $18.37—near its one‑year high of $18.68—with a market cap of about $161.7M and a P/E of ~19.8, while Weiss Ratings recently downgraded the stock to a Hold and the consensus rating is Hold.
ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) Director Maura Ellen Sullivan purchased 2,200 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was bought at an average cost of $18.50 per share, for a total transaction of $40,700.00. Following the acquisition, the director directly owned 5,700 shares in the company, valued at approximately $105,450. The trade was a 62.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Maura Ellen Sullivan also recently made the following trade(s):
- On Tuesday, December 9th, Maura Ellen Sullivan purchased 563 shares of ECB Bancorp stock. The shares were purchased at an average price of $16.98 per share, for a total transaction of $9,559.74.
- On Monday, December 8th, Maura Ellen Sullivan acquired 2,937 shares of ECB Bancorp stock. The shares were purchased at an average price of $16.83 per share, for a total transaction of $49,429.71.
ECB Bancorp Stock Up 0.9%
Shares of NASDAQ ECBK opened at $18.37 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.28 and a quick ratio of 1.28. ECB Bancorp, Inc. has a one year low of $13.92 and a one year high of $18.68. The firm's 50 day simple moving average is $17.33 and its two-hundred day simple moving average is $16.70. The stock has a market capitalization of $161.66 million, a P/E ratio of 19.75 and a beta of 0.45.
ECB Bancorp (NASDAQ:ECBK - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.31 earnings per share for the quarter. ECB Bancorp had a net margin of 9.78% and a return on equity of 4.61%. The business had revenue of $9.51 million during the quarter.
Institutional Trading of ECB Bancorp
A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in ECB Bancorp in the 2nd quarter worth about $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of ECB Bancorp during the second quarter valued at approximately $65,000. Farther Finance Advisors LLC purchased a new stake in ECB Bancorp during the 4th quarter valued at $87,000. Finally, New York State Common Retirement Fund purchased a new stake in ECB Bancorp during the second quarter valued at $103,000. 30.27% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings cut ECB Bancorp from a "buy (b-)" rating to a "hold (c)" rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".
Get Our Latest Analysis on ECB Bancorp
About ECB Bancorp
(
Get Free Report)
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. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit.
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