Northeast Community Bancorp (NASDAQ:NECB) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Northeast Community Bancorp (NASDAQ:NECB) released its quarterly earnings results on Monday. The savings and loans company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01, Zacks reports. The firm had revenue of $25.26 million for the quarter, compared to analyst estimates of $25.49 million. Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%.

Northeast Community Bancorp Price Performance

Shares of NASDAQ:NECB opened at $21.32 on Tuesday. The company’s fifty day moving average is $22.63 and its 200 day moving average is $25.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp has a 52 week low of $15.29 and a 52 week high of $31.72. The stock has a market cap of $298.97 million, a PE ratio of 5.96 and a beta of 0.42.

Northeast Community Bancorp Increases Dividend

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