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John A. Citrano, Executive Vice President and Chief Operating Officer of ECB Bancorp , Inc. (NASDAQ:ECBK), recently acquired a significant amount of the company’s common stock. According to a recent SEC filing, Citrano purchased a total of 3,679 shares over two days, February 10 and 11, 2025. The transaction amounted to approximately $51,970, with prices per share ranging from $14.00 to $14.20. The timing is notable as the $128.48 million market cap bank is scheduled to report earnings on February 14, according to InvestingPro data.
The purchases were made through Citrano’s Individual Retirement Account (IRA), highlighting his continued investment in the company. Following these transactions, Citrano now holds 59,384 shares directly, with additional holdings in his spouse’s IRA and through an Employee Stock Ownership Plan (ESOP). While the company remains profitable with positive earnings over the last twelve months, InvestingPro analysis suggests the stock is trading at a relatively high P/E multiple of 29.58x.
This move by a top executive could be seen as a sign of confidence in ECB Bancorp’s future prospects. Investors often monitor insider transactions for potential insights into a company’s health and growth potential. For deeper analysis, InvestingPro subscribers have access to additional exclusive tips and comprehensive financial metrics that can help evaluate the company’s true value potential.
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