ECB Bancorp (NASDAQ:ECBK) Releases Quarterly Earnings Results

On Wednesday, ECB Bancorp (NASDAQ:ECBK) disclosed its earnings results for the latest quarter. The company reported an earnings per share (EPS) of $0.17, according to reports from Zacks. Additionally, ECB Bancorp achieved a return on equity of 2.01%, along with a net margin of 5.11%.

ECB Bancorp Stock Performance

Following the earnings announcement, ECB Bancorp's shares experienced a modest increase, rising by 0.9%. During mid-day trading on Wednesday, the stock price reached $13.98, marking an increment of $0.13. A total of 3,710 shares changed hands, a figure that is lower than the average trading volume of 7,780 shares. Currently, the company has a market capitalization of $127.42 million and a price-to-earnings (P/E) ratio of 35.83. The stock also has a beta value of 0.70. Over the past fifty days, ECB Bancorp registered a simple moving average of $14.55, while the 200-day simple moving average is $14.31. Furthermore, the company holds a quick ratio and current ratio of 1.31, alongside a debt-to-equity ratio of 1.41. In the past twelve months, the stock has reached a low of $11.39 and a high of $15.75.

About ECB Bancorp

ECB Bancorp, Inc. operates primarily as a holding company for the Everett Co-operative Bank. The bank provides various financial products and services which include different types of deposit accounts such as certificates of deposit, individual retirement accounts (IRAs), money market accounts, savings accounts, demand deposit accounts, and both interest-bearing and noninterest-bearing checking accounts.

Further Insights

In light of the recent earnings release, potential investors may want to evaluate whether ECB Bancorp is worth investing in at this time. Current analyst ratings suggest a "Hold" position for the stock. However, market experts highlight that there are five other stocks they believe present better investment opportunities at the moment.

ECB, Earnings, Stock