ECB Bancorp (NASDAQ:ECBK – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.40 EPS for the quarter, Zacks reports. ECB Bancorp had a net margin of 13.19% and a return on equity of 6.55%.
ECB Bancorp Stock Performance
ECB Bancorp stock traded down $0.10 during mid-day trading on Friday, reaching $21.45. 4,073 shares of the stock traded hands, compared to its average volume of 9,652. ECB Bancorp has a 12-month low of $15.88 and a 12-month high of $23.14. The business’s 50-day moving average is $20.84 and its 200-day moving average is $19.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $187.47 million, a PE ratio of 15.66 and a beta of 0.44.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on ECBK. Wall Street Zen upgraded shares of ECB Bancorp to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings upgraded ECB Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.
Read Our Latest Analysis on ECBK
About ECB Bancorp
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.
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