ECB Bancorp (NASDAQ:ECBK) Stock Moved Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded ECB Bancorp to “Hold,” while Weiss Ratings raised its rating to “Buy (A).” The stock’s average analyst rating remains “Strong Buy,” based on one analyst’s recommendation.
• ECBK shares opened at $21.66, near their 52-week high of $21.78, with a $189.31 million market capitalization and a P/E ratio of 15.81.
• ECB Bancorp reported quarterly earnings of $0.39 per share on $10.34 million in revenue. Institutional investors own 30.27% of the company, with BlackRock establishing an $8.4 million position during the second quarter.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) was upgraded by Wall Street Zen to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of ECB Bancorp from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, October 8th. 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".

ECB Bancorp Stock Performance

Shares of ECBK stock opened at $21.66 on Friday. ECB Bancorp has a one year low of $15.19 and a one year high of $21.78. The stock has a market cap of $189.31 million, a P/E ratio of 15.81 and a beta of 0.46. The company has a fifty day moving average price of $20.69 and a two-hundred day moving average price of $19.71. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.29 and a quick ratio of 1.29.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $0.39 earnings per share for the quarter. The company had revenue of $10.34 million for the quarter. ECB Bancorp had a return on equity of 6.55% and a net margin of 13.19%.

Institutional Trading of ECB Bancorp

Several large investors have recently added to or reduced their stakes in ECBK. BlackRock Inc. bought a new position in shares of ECB Bancorp during the second quarter worth $8,401,000. Deutsche Bank AG bought a new stake in ECB Bancorp in the second quarter worth about $146,000. Bank of New York Mellon Corp purchased a new position in shares of ECB Bancorp during the second quarter valued at approximately $360,000. Finally, Raffles Associates LP purchased a new position in ECB Bancorp during the 2nd quarter valued at $266,000. 30.27% of the stock is currently owned by institutional investors.

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.

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