ECB Bancorp (NASDAQ:ECBK) Announces Quarterly 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%.

ECB Bancorp Stock Down 0.5%

Shares of ECBK traded down $0.10 during mid-day trading on Friday, hitting $21.45. 4,073 shares of the company traded hands, compared to its average volume of 9,652. The company has a market capitalization of $187.47 million, a PE ratio of 15.66 and a beta of 0.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average of $20.84 and a 200 day moving average of $19.18. ECB Bancorp has a 1-year low of $15.88 and a 1-year high of $23.14.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ECBK shares. Wall Street Zen upgraded shares of ECB Bancorp to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings raised shares of ECB Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently 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.