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1. Company Snapshot

1.a. Company Description

ECB Bancorp, Inc.focuses on 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.It operates through two full-service banking offices located in Everett, Massachusetts and Lynnfield, Massachusetts.


The company was founded in 1890 and is based in Everett, Massachusetts.

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1.b. Last Insights on ECBK

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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7 Banks to Dump Now Before They Go Bust in 2023

May -08

Source: InvestorPlace

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.50%)

6. Segments

Banking and Related Activities

Expected Growth: 5.5%

ECB Bancorp's Banking and Related Activities segment is expected to grow driven by increasing demand for traditional banking services, expansion of digital banking channels, and a growing customer base in the southeastern United States.

7. Detailed Products

Commercial Loans

ECB Bancorp, Inc. offers commercial loans to businesses, providing financing for various purposes such as expansion, equipment purchases, and working capital.

Residential Mortgages

ECB Bancorp, Inc. provides residential mortgage loans to individuals and families, helping them achieve their dream of homeownership.

Consumer Banking

ECB Bancorp, Inc. offers a range of consumer banking services, including checking and savings accounts, credit cards, and personal loans.

Treasury Management

ECB Bancorp, Inc. provides treasury management services to businesses, helping them manage their cash flow and optimize their financial operations.

Wealth Management

ECB Bancorp, Inc. offers wealth management services, including investment and insurance products, to help individuals and families achieve their long-term financial goals.

8. ECB Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

ECB Bancorp, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's strong brand recognition and customer loyalty.

Bargaining Power Of Customers

ECB Bancorp, Inc. has a large customer base, which gives customers significant bargaining power. The company needs to maintain strong relationships with its customers to retain their business.

Bargaining Power Of Suppliers

ECB Bancorp, Inc. has a diversified supplier base, which reduces the bargaining power of individual suppliers. The company has a strong negotiating position due to its large scale of operations.

Threat Of New Entrants

The banking industry has high barriers to entry, including regulatory hurdles and capital requirements. However, new fintech companies are emerging, posing a moderate threat to ECB Bancorp, Inc.'s business.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players competing for market share. ECB Bancorp, Inc. needs to differentiate itself through innovative products and services to maintain its market position.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 58.68%
Debt Cost 7.51%
Equity Weight 41.32%
Equity Cost 7.51%
WACC 7.51%
Leverage 142.02%

11. Quality Control: ECB Bancorp, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Shore Bancshares

A-Score: 6.6/10

Value: 7.4

Growth: 6.2

Quality: 6.3

Yield: 5.0

Momentum: 7.0

Volatility: 7.7

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First Seacoast Bank

A-Score: 5.6/10

Value: 8.6

Growth: 2.0

Quality: 4.5

Yield: 0.0

Momentum: 9.0

Volatility: 9.7

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Southern First

A-Score: 5.1/10

Value: 5.7

Growth: 5.2

Quality: 5.2

Yield: 0.0

Momentum: 8.0

Volatility: 6.3

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ECB Bancorp

A-Score: 4.9/10

Value: 4.0

Growth: 7.0

Quality: 3.2

Yield: 0.0

Momentum: 6.5

Volatility: 9.0

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Peapack-Gladstone

A-Score: 4.9/10

Value: 7.0

Growth: 5.2

Quality: 5.9

Yield: 1.0

Momentum: 4.0

Volatility: 6.0

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Generations Bancorp NY

A-Score: 4.8/10

Value: 7.0

Growth: 2.3

Quality: 3.8

Yield: 0.0

Momentum: 8.0

Volatility: 8.0

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

16.47$

Current Price

16.47$

Potential

-0.00%

Expected Cash-Flows