Zacks Investment Research downgraded shares of ECB BANCORP INC (ECBE) from OUTPERFORM to NEUTRAL on October 02, 2012, with a target price of $16.50.
ECB Bancorp Inc. operations are primarily retail oriented and directed toward individuals, small- and medium-sized businesses and local governmental units located in its banking markets, and its deposits and loans are derived primarily from customers in its banking markets. While the Bank provides most traditional commercial and consumer banking services, its principal activities are the taking of demand and time deposits and the making of secured and unsecured loans.
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