Northeast Community Bancorp (NASDAQ:NECB) Announces Quarterly Earnings Results

Northeast Community Bancorp (NASDAQ:NECB) released its quarterly earnings results on Monday. The savings and loans company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04, Yahoo Finance reports. The firm had revenue of $42.53 million during the quarter, compared to the consensus estimate of $26.53 million. Northeast Community Bancorp had a return on equity of 16.87% and a net margin of 31.34%.

Northeast Community Bancorp Trading Down 0.5 %

Shares of NECB stock opened at $26.82 on Thursday. The firm’s fifty day moving average price is $24.68 and its two-hundred day moving average price is $20.53. Northeast Community Bancorp has a 1 year low of $14.26 and a 1 year high of $28.99. The firm has a market capitalization of $376.04 million, a P/E ratio of 7.45 and a beta of 0.59.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, October 4th will be issued a dividend of $0.30 per share. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.20 annualized dividend and a yield of 4.47%. Northeast Community Bancorp’s dividend payout ratio is presently 16.67%.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp, Inc operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits.