ECB Bancorp (NASDAQ: ECBK) Quarterly Earnings Overview

ECB Bancorp (NASDAQ: ECBK) released its quarterly earnings report on Wednesday. The company announced earnings of $0.17 per share for the quarter, according to Zacks. The return on equity for ECB Bancorp stands at 2.01%, while its net margin is measured at 5.11%.

Stock Performance

On the day of the announcement, ECB Bancorp's shares increased by 0.9%, rising by $0.13 to reach $13.98 during mid-day trading. The trading volume for the stock was 3,710 shares, which is below its average volume of 7,780 shares. Currently, ECB Bancorp holds a market capitalization of $127.42 million and maintains a price-to-earnings (P/E) ratio of 35.83. The stock exhibits a beta of 0.70, indicating a lower volatility compared to the market.

Financial Metrics

The company has a fifty-day simple moving average of $14.55 and a two-hundred-day simple moving average of $14.31. Financially, the firm possesses a quick ratio of 1.31 and a current ratio of 1.31, alongside a debt-to-equity ratio of 1.41. Over the past year, ECB Bancorp has experienced a low of $11.39 and a high of $15.75 in stock price.

Company Overview

ECB Bancorp, Inc. serves as the holding company for Everett Co-operative Bank, which offers a range of banking products and services. The bank accepts various forms of deposits such as certificate of deposit accounts, IRAs, money market accounts, savings accounts, and checking accounts.

Market Insights

Despite the positive earning reports, analysts currently have a "Hold" rating for ECB Bancorp. Research from MarketBeat has indicated that there are five stocks they believe are stronger investment options compared to ECB Bancorp. Investors are encouraged to consider these alternatives as they explore potential investment opportunities.

For more guidance on investment strategies, individuals can seek insights from top-rated analysts and their recommendations through different financial platforms.

ECB, Earnings, Stocks