Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from ECB Bancorp, Inc. ( (ECBK) ).
On May 8, 2025, ECB Bancorp, Inc. announced the initiation of a new stock repurchase program, authorizing the buyback of up to 451,092 shares, which represents approximately 5% of its outstanding common stock. This marks the company’s second repurchase initiative since its mutual to stock conversion in July 2022, aiming to enhance shareholder value by repurchasing shares at management’s discretion based on market conditions and other factors.
More about ECB Bancorp, Inc.
ECB Bancorp, Inc. is headquartered in Everett, Massachusetts, and serves as the holding company for Everett Co-operative Bank. The bank provides financial services to individuals, families, municipalities, and businesses through its three full-service branch offices located in Everett, Lynnfield, and Woburn, Massachusetts. The company’s common stock is traded on the NASDAQ Capital Market under the symbol ‘ECBK.’
Average Trading Volume: 16,338
Technical Sentiment Signal: Buy
Current Market Cap: $145.9M
Learn more about ECBK stock on TipRanks’ Stock Analysis page.