Castalian Partners LLC Invests $1.28 Million in ECB Bancorp, Inc. (NASDAQ:ECBK)

Castalian Partners LLC purchased a new position in shares of ECB Bancorp, Inc. (NASDAQ:ECBK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,181 shares of the company’s stock, valued at approximately $1,279,000. ECB Bancorp accounts for approximately 0.6% of Castalian Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Castalian Partners LLC owned approximately 0.94% of ECB Bancorp at the end of the most recent quarter.

Separately, Northern Trust Corp raised its stake in shares of ECB Bancorp by 22.0% during the fourth quarter. Northern Trust Corp now owns 30,464 shares of the company’s stock valued at $452,000 after purchasing an additional 5,495 shares during the period. Hedge funds and other institutional investors own 30.27% of the company’s stock.

ECB Bancorp Stock Up 1.4 %

ECBK stock opened at $16.35 on Wednesday. The company has a market capitalization of $148.08 million, a P/E ratio of 34.79 and a beta of 0.58. The firm has a 50 day simple moving average of $15.20 and a 200-day simple moving average of $14.85. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. ECB Bancorp, Inc. has a twelve month low of $11.39 and a twelve month high of $16.99.

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

Insider Buying and Selling at ECB Bancorp

In related news, CFO Brandon Lavertu acquired 1,828 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $14.45 per share, with a total value of $26,414.60. Following the completion of the transaction, the chief financial officer now owns 32,383 shares of the company’s stock, valued at approximately $467,934.35. This represents a 5.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.00% 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.