ECB Bancorp (NASDAQ:ECBK) Announces Earnings Results

ECB Bancorp (NASDAQ:ECBK) issued its quarterly earnings data on Friday. The company reported $0.40 earnings per share for the quarter, Zacks reports. ECB Bancorp had a return on equity of 6.55% and a net margin of 13.19%. The business had revenue of $11.09 million for the quarter.

ECB Bancorp Trading Down 0.5%

Shares of NASDAQ ECBK traded down $0.10 during midday trading on Friday, reaching $21.45. The stock had a trading volume of 4,073 shares, compared to its average volume of 9,652. The company’s 50 day moving average price is $20.84 and its 200 day moving average price is $19.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.29 and a current ratio of 1.29. ECB Bancorp has a twelve month low of $15.88 and a twelve month high of $23.14. The firm has a market cap of $187.47 million, a price-to-earnings ratio of 15.66 and a beta of 0.44.

Analyst Ratings Changes

ECBK has been the topic of a number of recent research reports. Wall Street Zen raised ECB Bancorp to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings raised shares of ECB Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

ECB Bancorp Company Profile

ECB Bancorp, Inc (NASDAQ: ECBK) is the holding company for Everett Co-operative Bank, a community-focused savings bank headquartered in Everett, Massachusetts. The bank serves individuals, families and businesses in the Greater Boston area through its branch network and digital banking services.

Everett Co-operative Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, commercial business loans, home equity products and consumer loans.