ECB Bancorp (NASDAQ:ECBK – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, FiscalAI reports. The company had revenue of $10.34 million for the quarter. ECB Bancorp had a net margin of 13.19% and a return on equity of 6.62%.
ECB Bancorp Price Performance
NASDAQ:ECBK opened at $19.91 on Friday. ECB Bancorp has a 52 week low of $14.83 and a 52 week high of $20.76. The stock’s fifty day moving average is $19.35 and its two-hundred day moving average is $18.19. The company has a market capitalization of $174.21 million, a P/E ratio of 14.53 and a beta of 0.46. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.48.
Institutional Investors Weigh In On ECB Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in ECBK. Jane Street Group LLC purchased a new position in shares of ECB Bancorp during the 1st quarter worth approximately $200,000. Geode Capital Management LLC lifted its stake in ECB Bancorp by 114.6% during the second quarter. Geode Capital Management LLC now owns 172,835 shares of the company’s stock worth $2,669,000 after purchasing an additional 92,310 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of ECB Bancorp during the second quarter worth $56,000. New York State Common Retirement Fund acquired a new stake in shares of ECB Bancorp in the second quarter valued at $103,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of ECB Bancorp in the 2nd quarter valued at $65,000. 30.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
View Our Latest Research Report on ECB Bancorp
ECB Bancorp Company Profile
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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