ECB Bancorp's (NASDAQ:ECBK – Get Rating) lock-up period is set to expire on Tuesday, January 24th. ECB Bancorp had issued 8,915,247 shares in its public offering on July 28th. The total size of the offering was $89,152,470 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
ECB Bancorp Price Performance
Shares of NASDAQ ECBK opened at $16.06 on Tuesday. ECB Bancorp has a twelve month low of $13.82 and a twelve month high of $16.91. The business's fifty day moving average price is $16.31. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.
Get ECB Bancorp alerts:ECB Bancorp (NASDAQ:ECBK – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $6.76 million for the quarter.
Institutional Investors Weigh In On ECB Bancorp
Large investors have recently bought and sold shares of the stock. Two Sigma Advisers LP acquired a new stake in ECB Bancorp in the third quarter worth $253,000. Cambridge Trust Co. acquired a new position in shares of ECB Bancorp during the fourth quarter valued at about $257,000. Stilwell Value LLC acquired a new position in shares of ECB Bancorp during the third quarter valued at about $288,000. Two Sigma Investments LP acquired a new position in shares of ECB Bancorp during the third quarter valued at about $333,000. Finally, Citadel Advisors LLC acquired a new position in shares of ECB Bancorp during the third quarter valued at about $348,000. 19.76% of the stock is currently owned by institutional investors and hedge funds.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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