ECB Bancorp (NASDAQ:ECBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ECB Bancorp (NASDAQ:ECBK) to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded ECB Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

ECB Bancorp Trading Down 2.3%

ECB Bancorp stock opened at $21.17 on Friday. The business has a 50-day simple moving average of $20.69 and a two-hundred day simple moving average of $18.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.58. The company has a market cap of $185.03 million, a P/E ratio of 15.45 and a beta of 0.46. ECB Bancorp has a 52-week low of $15.19 and a 52-week high of $21.78.

Institutional Trading of ECB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raffles Associates LP acquired a new stake in ECB Bancorp during the 2nd quarter worth about $266,000. BlackRock Inc. purchased a new position in shares of ECB Bancorp during the 2nd quarter valued at about $8,401,000. Deutsche Bank AG purchased a new position in shares of ECB Bancorp during the 2nd quarter valued at about $146,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of ECB Bancorp during the 2nd quarter valued at about $360,000. 30.27% of the stock is currently owned by institutional investors and hedge funds.

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.