ECB Bancorp (ECBK) Stock Price, News & Analysis

Company Overview

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. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit. In addition, the company invests in securities, consisting primarily of U.S. government and federal agency obligations, mortgage-backed securities, and corporate bonds. ECB Bancorp, Inc. was founded in 1890 and is based in Everett, Massachusetts.

Key Stats

• Today's Range: $14.97 to $15.18
• 50-Day Range: $13.29 to $15.33
• 52-Week Range: $11.37 to $15.68
• Volume: 13,192 shs
• Average Volume: 7,464 shs
• Market Capitalization: $136.80 million
• P/E Ratio: 38.46
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

ECB Bancorp Stock Analysis - MarketRank™

ECB Bancorp scored higher than 39% of companies evaluated by MarketBeat, and ranked 713th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for ECB Bancorp.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of ECB Bancorp is 38.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of ECB Bancorp is 38.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Book Value per Share Ratio

ECB Bancorp has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.11% of the float of ECB Bancorp has been sold short.

Short Interest Ratio / Days to Cover

ECB Bancorp has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ECB Bancorp has recently decreased by 31.62%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ECB Bancorp does not currently pay a dividend.

Dividend Growth

ECB Bancorp does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.11% of the float of ECB Bancorp has been sold short.

Short Interest Ratio / Days to Cover

ECB Bancorp has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ECB Bancorp has recently decreased by 31.62%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: N/A

News Sentiment

ECB Bancorp has a news sentiment score of -0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for ECB Bancorp this week, compared to 7 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, ECB Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $137,200.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 6.00% of the stock of ECB Bancorp is held by insiders.

Percentage Held by Institutions

Only 30.27% of the stock of ECB Bancorp is held by institutions.

ECBK Stock Analysis - Frequently Asked Questions

How have ECBK shares performed this year?

ECB Bancorp's stock was trading at $12.56 at the start of the year. Since then, ECBK stock has increased by 19.4% and is now trading at $15.00.
View the best growth stocks for 2024 here.

How were ECB Bancorp's earnings last quarter?

ECB Bancorp, Inc. (NASDAQ:ECBK) released its quarterly earnings results on Thursday, October, 24th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm earned $6.60 million during the quarter. ECB Bancorp had a net margin of 5.11% and a trailing twelve-month return on equity of 2.01%.

When did ECB Bancorp IPO?

ECB Bancorp (ECBK) raised $106 million in an initial public offering on Thursday, July 28th 2022. The company issued 10,637,500 shares at $10.00 per share.

Who are ECB Bancorp's major shareholders?

ECB Bancorp's top institutional shareholders include Sachetta LLC (1.19%), Geode Capital Management LLC (0.87%), Raffles Associates LP (0.54%) and Eastern Bank (0.17%). Insiders that own company stock include John A Citrano, Brandon Lavertu, Richard J O'neil Jr and Paul A Delory.
View institutional ownership trends.

How do I buy shares of ECB Bancorp?

Shares of ECBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ECB Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ECB Bancorp investors own include Nokia Oyj (NOK) and Edwards Lifesciences (EW).

Company Calendar

• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: Banking
• Current Symbol: NASDAQ:ECBK
• CUSIP: N/A
• CIK: 1914605
• Web: www.everettbank.com
• Phone: 617-387-1110
• Fax: N/A
• Employees: 50
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.39
• Trailing P/E Ratio: 38.46
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $4.46 million
• Net Margins: 5.11%
• Pretax Margin: 6.88%
• Return on Equity: 2.01%
• Return on Assets: 0.25%

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 1.31
• Quick Ratio: 1.31

Sales & Book Value

• Annual Sales: $55.83 million
• Price / Sales: 2.45
• Cash Flow: $0.50 per share
• Price / Cash Flow: 30.15
• Book Value: $18.21 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 9,120,000
• Free Float: 8,571,000
• Market Cap: $136.80 million
• Optionable: Not Optionable
• Beta: 0.76