Northeast Community Bancorp Inc. (NASDAQ:NECB) Announces $0.20 Quarterly Dividend

Northeast Community Bancorp Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Monday, January 5th will be given a dividend of 0.20 per share by the savings and loans company on Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, January 5th.

Northeast Community Bancorp has increased its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 2 years. Northeast Community Bancorp has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.0%

Shares of NASDAQ NECB traded up $0.01 during trading on Friday, hitting $23.90. 6,104 shares of the company were exchanged, compared to its average volume of 47,724. The company has a fifty day moving average price of $20.92 and a 200-day moving average price of $21.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $335.26 million, a PE ratio of 7.31 and a beta of 0.42. Northeast Community Bancorp has a 12-month low of $19.27 and a 12-month high of $25.93.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Friday, October 24th. The savings and loans company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. The company had revenue of $26.61 million during the quarter, compared to analyst estimates of $26.80 million. Northeast Community Bancorp had a return on equity of 13.43% and a net margin of 27.97%. As a group, equities research analysts expect that Northeast Community Bancorp will post 3.04 EPS for the current year.

Insider Buying and Selling

In other news, CFO Donald S. Hom sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $20.23, for a total value of $40,460.00. Following the completion of the sale, the chief financial officer owned 5,759 shares in the company, valued at approximately $116,504.57. This trade represents a 25.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in Northeast Community Bancorp in the third quarter valued at about $28,000. Russell Investments Group Ltd. raised its stake in shares of Northeast Community Bancorp by 193.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,457 shares of the savings and loans company’s stock worth $30,000 after buying an additional 961 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Northeast Community Bancorp by 78.4% in the 3rd quarter. IFP Advisors Inc now owns 1,821 shares of the savings and loans company’s stock valued at $38,000 after buying an additional 800 shares during the period. CWM LLC boosted its stake in shares of Northeast Community Bancorp by 82.3% in the second quarter. CWM LLC now owns 3,130 shares of the savings and loans company’s stock valued at $73,000 after buying an additional 1,413 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Northeast Community Bancorp by 46.8% in the second quarter. BNP Paribas Financial Markets now owns 3,459 shares of the savings and loans company’s stock valued at $80,000 after buying an additional 1,102 shares in the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

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.