Northeast Community Bancorp Inc. (NASDAQ:NECB) Plans $0.25 Quarterly Dividend

Northeast Community Bancorp Inc. (NASDAQ:NECB) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Friday, October 9th will be paid a dividend of 0.25 per share by the savings and loans company on Friday, November 13th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, October 9th.

Northeast Community Bancorp has raised its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Northeast Community Bancorp has a payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Northeast Community Bancorp to earn $3.57 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 28.0%.

Northeast Community Bancorp Stock Performance

Shares of Northeast Community Bancorp stock traded down $0.02 during midday trading on Thursday, hitting $26.36. The company had a trading volume of 2,795 shares, compared to its average volume of 42,806. Northeast Community Bancorp has a 1-year low of $19.27 and a 1-year high of $28.94. The business’s 50 day simple moving average is $26.77 and its two-hundred day simple moving average is $25.50. The stock has a market cap of $362.86 million, a PE ratio of 8.45 and a beta of 0.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings results on Monday, July 27th. The savings and loans company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.04). The firm had revenue of $25.29 million for the quarter, compared to the consensus estimate of $25.76 million. Northeast Community Bancorp had a net margin of 27.67% and a return on equity of 12.00%. As a group, equities analysts predict that Northeast Community Bancorp will post 3.16 EPS for the current fiscal year.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp, Inc is the holding company for NorthEast Community Bank, a community-focused financial institution headquartered in White Plains, New York. The bank traces its roots to 1934 and provides banking services to individuals, families, businesses and nonprofit organizations in the communities it serves.

NorthEast Community Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential and commercial real estate loans, multifamily and construction financing, home equity loans and other consumer and business credit products.

The company operates through a branch network serving customers in parts of New York and neighboring New England markets.