ECB Bancorp (NASDAQ:ECBK) Announces Quarterly Earnings Results

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

ECB Bancorp Trading Down 0.5%

Shares of ECBK opened at $21.45 on Friday. ECB Bancorp has a 52-week low of $15.88 and a 52-week high of $23.14. The business’s fifty 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 quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $187.47 million, a price-to-earnings ratio of 14.49 and a beta of 0.44.

Analysts Set New Price Targets

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

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.