Northeast Community Bancorp (NECB) Expected to Announce Quarterly Earnings on Thursday

Northeast Community Bancorp (NASDAQ:NECB) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.87 per share for the quarter.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. On average, analysts expect Northeast Community Bancorp to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northeast Community Bancorp Trading Down 0.6 %

NASDAQ NECB opened at $25.56 on Thursday. 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 company’s fifty day simple moving average is $26.35 and its 200-day simple moving average is $25.05. The stock has a market cap of $358.35 million, a P/E ratio of 7.10 and a beta of 0.67. Northeast Community Bancorp has a 52 week low of $14.26 and a 52 week high of $31.72.

Northeast Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 3rd will be paid a $0.15 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.35%. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Insider Buying and Selling

In other Northeast Community Bancorp news, Director Charles A. Martinek sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total transaction of $36,696.00. Following the completion of the sale, the director now owns 75 shares in the company, valued at $2,293.50. The trade was a 94.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $28.90, for a total transaction of $28,900.00. Following the sale, the director now owns 11,792 shares of the company’s stock, valued at approximately $340,788.80. The trade was a 7.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,200 shares of company stock worth $209,766. Insiders own 4.70% of the company’s stock.

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.