Northeast Community Bancorp, Inc. (NECB) To Go Ex-Dividend on April 4th

Northeast Community Bancorp, Inc. (NASDAQ:NECBGet Free Report) announced a quarterly dividend on Thursday, March 21st, Zacks reports. Stockholders of record on Friday, April 5th will be paid a dividend of 0.10 per share by the savings and loans company on Monday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, April 4th. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.06.

Northeast Community Bancorp has raised its dividend by an average of 39.1% per year over the last three years. Northeast Community Bancorp has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 9.9%.

Northeast Community Bancorp Price Performance

NECB stock opened at $15.61 on Tuesday. The stock’s 50 day moving average is $15.94 and its two-hundred day moving average is $16.16. Northeast Community Bancorp has a 52-week low of $12.50 and a 52-week high of $18.00. The company has a market capitalization of $221.66 million, a PE ratio of 4.97 and a beta of 0.55. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

Northeast Community Bancorp (NASDAQ:NECBGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.57 million. Northeast Community Bancorp had a net margin of 33.97% and a return on equity of 17.26%. Analysts predict that Northeast Community Bancorp will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Northeast Community Bancorp

Several large investors have recently modified their holdings of the stock. Money Concepts Capital Corp bought a new position in Northeast Community Bancorp during the 4th quarter worth approximately $31,000. Barclays PLC lifted its stake in Northeast Community Bancorp by 327.0% during the fourth quarter. Barclays PLC now owns 2,182 shares of the savings and loans company’s stock worth $33,000 after purchasing an additional 1,671 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Northeast Community Bancorp in the third quarter worth $36,000. Geneos Wealth Management Inc. bought a new stake in Northeast Community Bancorp during the first quarter valued at $37,000. Finally, UBS Group AG raised its holdings in shares of Northeast Community Bancorp by 198.9% during the third quarter. UBS Group AG now owns 3,252 shares of the savings and loans company’s stock worth $40,000 after purchasing an additional 2,164 shares during the period. Institutional investors own 53.25% of the company’s stock.

About Northeast Community Bancorp

(Get Free Report)

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.

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Dividend History for Northeast Community Bancorp (NASDAQ:NECB)

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