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

Northeast Community Bancorp Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.25 per share by the savings and loans company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, July 7th. This is a 25.0% increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20.

Northeast Community Bancorp has increased its dividend payment by an average of 0.5%per year over the last three years and has increased 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. Equities research analysts expect Northeast Community Bancorp to earn $3.62 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 22.1%.

Northeast Community Bancorp Stock Up 1.1%

Shares of NECB stock opened at $25.74 on Friday. The company has a market capitalization of $355.47 million, a price-to-earnings ratio of 7.99 and a beta of 0.36. Northeast Community Bancorp has a one year low of $19.27 and a one year high of $26.14. The company’s fifty day moving average price is $24.58 and its 200-day moving average price is $23.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 1.17.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Thursday, April 30th. The savings and loans company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $24.93 million for the quarter, compared to analysts’ expectations of $26.42 million. Northeast Community Bancorp had a net margin of 28.16% and a return on equity of 12.62%. Sell-side analysts expect that Northeast Community Bancorp will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Freedom Capital raised Northeast Community Bancorp to a “strong-buy” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Northeast Community Bancorp currently has an average rating of “Buy”.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.