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

Northeast Community Bancorp (NASDAQ:NECB) announced its quarterly earnings data on Monday. The savings and loans company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04, Zacks reports. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%.

Northeast Community Bancorp Price Performance

Shares of NECB traded down $0.77 during mid-day trading on Monday, hitting $21.32. 29,202 shares of the company traded hands, compared to its average volume of 58,334. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $22.69 and a 200 day moving average of $25.29. Northeast Community Bancorp has a one year low of $15.29 and a one year high of $31.72. The stock has a market capitalization of $298.97 million, a price-to-earnings ratio of 5.96 and a beta of 0.42.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 7th. Northeast Community Bancorp’s payout ratio is currently 22.35%.

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.