Northeast Community Bancorp, Inc. (NECB) to Issue Quarterly Dividend of $0.15 on February 5th

Northeast Community Bancorp, Inc. (NASDAQ:NECB) announced 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 yield of 2.38%.

Northeast Community Bancorp has increased its dividend payment 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 research 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 Trading Up 2.6 %

Shares of NECB opened at $25.19 on Friday. The stock has a market capitalization of $353.16 million, a P/E ratio of 7.00 and a beta of 0.63. The business’s 50-day moving average price is $28.32 and its 200 day moving average price is $23.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp has a 1-year low of $14.26 and a 1-year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 30.47% and a return on equity of 16.63%. Analysts expect that Northeast Community Bancorp will post 3.61 earnings per share for the current year.

Insider Transactions at Northeast Community Bancorp

In related news, Director Diane B. Cavanaugh sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $28.45, for a total value of $56,900.00. Following the completion of the sale, the director now owns 4,712 shares in the company, valued at $134,056.40. This represents a 29.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John F. Mckenzie sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $28.90, for a total transaction of $28,900.00. Following the sale, the director now directly owns 11,792 shares of the company’s stock, valued at $340,788.80. This represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is owned by insiders.

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.