Northeast Community Bancorp (NASDAQ:NECB) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Northeast Community Bancorp (NASDAQ:NECB) issued its quarterly earnings data on Monday. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04, Yahoo Finance reports. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a return on equity of 16.87% and a net margin of 31.34%.

Northeast Community Bancorp Stock Performance

Shares of NASDAQ:NECB traded down $0.08 during midday trading on Thursday, hitting $26.74. The company’s stock had a trading volume of 1,542 shares, compared to its average volume of 51,706. The company has a market cap of $374.92 million, a P/E ratio of 7.45 and a beta of 0.59. Northeast Community Bancorp has a 12-month low of $14.26 and a 12-month high of $28.99. The business’s 50 day simple moving average is $24.68 and its 200 day simple moving average is $20.53.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.30 per share. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.49%. Northeast Community Bancorp’s dividend payout ratio is presently 16.67%.

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.