Northeast Community Bancorp Inc. (NECB) to Issue Quarterly Dividend of $0.20 on May 5th

Northeast Community Bancorp Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, March 19th. Investors of record on Monday, April 6th will be given a dividend of 0.20 per share by the savings and loans company on Tuesday, May 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, April 6th.

Northeast Community Bancorp has increased its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Northeast Community Bancorp has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northeast Community Bancorp to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.2%.

Northeast Community Bancorp Stock Performance

Shares of Northeast Community Bancorp stock opened at $23.24 on Friday. The stock’s fifty day simple moving average is $23.69 and its 200 day simple moving average is $22.12. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $321.50 million, a PE ratio of 7.13 and a beta of 0.41. Northeast Community Bancorp has a 12 month low of $19.27 and a 12 month high of $25.18.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Friday, January 30th. The savings and loans company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). Northeast Community Bancorp had a net margin of 28.07% and a return on equity of 13.07%. The business had revenue of $26.44 million during the quarter, compared to analyst estimates of $27.15 million. On average, research analysts predict that Northeast Community Bancorp will post 3.04 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NECB shares. Zacks Research lowered Northeast Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings upgraded shares of Northeast Community Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Northeast Community Bancorp currently has a consensus rating of “Moderate Buy”.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.