ECB Bancorp (NASDAQ:ECBK) Announces Earnings Results

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

ECB Bancorp Stock Down 0.5%

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

Wall Street Analysts Forecast Growth

ECBK has been the subject of several recent research reports. 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. Wall Street Zen raised shares of ECB Bancorp to a “hold” rating in a research note on Saturday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, 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.