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ECB Bancorp Inc (ECBE) CEO A Dwight Utz buys 1,754 Shares

November 18, 2009 | About:
insider

insider

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President and CEO of ECB Bancorp Inc (ECBE) A Dwight Utz buys 1,754 shares of ECBE on 11/16/2009 at an average price of $12.6 a share.

ECB Bancorp Inc. operations are primarily retail oriented and directed toward individuals, small- and medium-sized businesses and local governmental units located in its banking markets, and its deposits and loans are derived primarily from customers in its banking markets. While the Bank provides most traditional commercial and consumer banking services, its principal activities are the taking of demand and time deposits and the making of secured and unsecured loans. Ecb Bancorp Inc has a market cap of $36.1 million; its shares were traded at around $12.68 with a P/E ratio of 18.6 and P/S ratio of 0.8. The dividend yield of Ecb Bancorp Inc stocks is 5.8%. Ecb Bancorp Inc had an annual average earning growth of 13.7% over the past 10 years. GuruFocus rated Ecb Bancorp Inc the business predictability rank of 2.5-star.

Insiders' Positions with ECBE


  • Buy:: Director George T Jr Davis bought 2,000 shares of ECBE stock on 11/11/2009 at the average price of 13, the price of the stock has decreased by 2.46% since

  • Buy:: Director Joseph T Jr Lamb bought 1,000 shares of ECBE stock on 11/04/2009 at the average price of 13.2, the price of the stock has decreased by 3.94% since

  • Buy:: Director George T Jr Davis bought 1,000 shares of ECBE stock on 10/30/2009 at the average price of 13.9, the price of the stock has decreased by 8.78% since

  • Buy:: Director Joseph T Jr Lamb bought 310 shares of ECBE stock on 09/11/2009 at the average price of 17, the price of the stock has decreased by 25.41% since

  • Buy:: Director Joseph T Jr Lamb bought 400 shares of ECBE stock on 08/13/2009 at the average price of 16, the price of the stock has decreased by 20.75% since


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GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.9/5 (7 votes)

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