ECB Bancorp (NASDAQ:ECBK) Releases Earnings Results

Key Points

• ECB Bancorp reported $0.17 earnings per share for the quarter, along with a net margin of 7.29% and a return on equity of 3.17%.
• As of mid-day trading, ECB Bancorp's share price increased to $16.05, with a market capitalization of approximately $144.93 million.
• Institutional investors own 30.27% of ECB Bancorp's stock, with Jane Street Group LLC recently acquiring a new stake valued at around $200,000.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, Zacks reports. ECB Bancorp had a return on equity of 3.17% and a net margin of 7.29%. The business had revenue of $8.02 million for the quarter.

ECB Bancorp Trading Down 1.7%

Shares of NASDAQ ECBK traded down $0.28 during midday trading on Wednesday, reaching $15.83. The stock had a trading volume of 21,749 shares, compared to its average volume of 21,854. The firm has a market cap of $142.91 million, a price-to-earnings ratio of 24.73 and a beta of 0.49. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.28 and a current ratio of 1.28. The company's 50 day moving average price is $15.80 and its 200 day moving average price is $15.27. ECB Bancorp has a twelve month low of $12.50 and a twelve month high of $16.99.

Hedge Funds Weigh In On ECB Bancorp

A hedge fund recently bought a new stake in ECB Bancorp stock. Jane Street Group LLC acquired a new position in shares of ECB Bancorp, Inc. (NASDAQ:ECBK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,224 shares of the company's stock, valued at approximately $200,000. Jane Street Group LLC owned about 0.15% of ECB Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 30.27% of the company's stock.

About ECB Bancorp

ECB Bancorp, Inc operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts.