ECB Bancorp (NASDAQ:ECBK) Trading 0.1% Higher – Here’s What Happened

Shares of ECB Bancorp, Inc. (NASDAQ:ECBKGet Free Report) were up 0.1% on Wednesday . The company traded as high as $20.69 and last traded at $20.63. 10,942 shares traded hands during trading, an increase of 30% from the average session volume of 8,416 shares. The stock had previously closed at $20.61.

Analysts Set New Price Targets

A number of equities research analysts have commented on ECBK shares. Wall Street Zen raised ECB Bancorp to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of ECB Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Get Our Latest Stock Analysis on ECB Bancorp

ECB Bancorp Stock Performance

The stock’s fifty day simple moving average is $19.71 and its 200-day simple moving average is $18.38. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $180.51 million, a PE ratio of 15.06 and a beta of 0.45.

ECB Bancorp (NASDAQ:ECBKGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.39 EPS for the quarter. The business had revenue of $10.34 million for the quarter. ECB Bancorp had a return on equity of 6.62% and a net margin of 13.19%.

Institutional Trading of ECB Bancorp

A number of institutional investors have recently bought and sold shares of ECBK. Barclays PLC boosted its position in shares of ECB Bancorp by 9.9% in the 4th quarter. Barclays PLC now owns 11,921 shares of the company’s stock worth $207,000 after buying an additional 1,076 shares in the last quarter. Bank of America Corp DE grew its stake in ECB Bancorp by 36.8% in the 3rd quarter. Bank of America Corp DE now owns 4,699 shares of the company’s stock valued at $75,000 after acquiring an additional 1,264 shares during the last quarter. Rhumbline Advisers increased its holdings in ECB Bancorp by 14.8% during the 3rd quarter. Rhumbline Advisers now owns 11,551 shares of the company’s stock valued at $183,000 after acquiring an additional 1,485 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in ECB Bancorp by 61.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,898 shares of the company’s stock valued at $94,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in ECB Bancorp by 40.5% during the fourth quarter. Wells Fargo & Company MN now owns 8,949 shares of the company’s stock worth $156,000 after acquiring an additional 2,580 shares during the last quarter. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

ECB Bancorp Company Profile

(Get Free Report)

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. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit.

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