Northeast Community Bancorp, Inc. (NASDAQ:NECB) Declares $0.15 Quarterly Dividend

Northeast Community Bancorp, Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.15 per share by the savings and loans company on Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.44%.

Northeast Community Bancorp has increased its dividend by an average of 17.2% annually over the last three years. Northeast Community Bancorp has a payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northeast Community Bancorp to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.1%.

Northeast Community Bancorp Stock Down 4.2 %

Northeast Community Bancorp stock opened at $24.55 on Friday. The stock’s fifty day moving average is $28.32 and its two-hundred day moving average is $23.53. The stock has a market cap of $344.19 million, a PE ratio of 6.82 and a beta of 0.63. Northeast Community Bancorp has a 1-year low of $14.26 and a 1-year high of $31.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $42.53 million during the quarter, compared to analysts’ expectations of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. On average, sell-side analysts expect that Northeast Community Bancorp will post 3.61 EPS for the current fiscal year.

Insider Transactions at Northeast Community Bancorp

In other news, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the completion of the sale, the director now directly owns 11,792 shares of the company’s stock, valued at approximately $340,788.80. The trade was a 7.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles A. Martinek sold 1,200 shares of the firm’s stock in a transaction that occurred 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 $2,293.50. This represents a 94.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,200 shares of company stock worth $209,766. 4.70% of the stock is currently owned by insiders.

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.