Northeast Community Bancorp (NASDAQ:NECB) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Northeast Community Bancorp (NASDAQ:NECB) released its quarterly earnings data on Wednesday. The savings and loans company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.02), Zacks reports. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%.

Northeast Community Bancorp Stock Performance

NECB traded up $0.04 during trading hours on Friday, reaching $25.08. The company’s stock had a trading volume of 7,743 shares, compared to its average volume of 72,088. Northeast Community Bancorp has a 52 week low of $14.26 and a 52 week high of $31.72. The company’s 50-day moving average is $26.27 and its 200-day moving average is $25.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $351.55 million, a PE ratio of 7.02 and a beta of 0.67.

Northeast Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, January 3rd. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 16.76%.

Insiders Place Their Bets

In related news, Director Charles A. Martinek sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total value of $36,696.00. Following the transaction, the director now owns 75 shares in the company, valued at approximately $2,293.50. This trade represents a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donald S. Hom sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the transaction, the chief financial officer now owns 8,759 shares in the company, valued at $254,799.31. The trade was a 25.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,200 shares of company stock worth $209,766 in the last 90 days. Company insiders own 4.70% of the company’s stock.

About Northeast Community Bancorp

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.