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

Northeast Community Bancorp (NASDAQ:NECB) is expected to announce its earnings results 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 quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing the consensus estimate 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 Price Performance

Shares of NASDAQ NECB opened at $25.56 on Thursday. Northeast Community Bancorp has a twelve month low of $14.26 and a twelve month high of $31.72. 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 has a market capitalization of $358.35 million, a price-to-earnings ratio of 7.10 and a beta of 0.67. The firm has a 50-day moving average of $26.35 and a two-hundred day moving average of $25.05.

Northeast Community Bancorp Cuts Dividend

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

Insider Buying and Selling at Northeast Community Bancorp

In other Northeast Community Bancorp news, Director Charles A. Martinek sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total value of $36,696.00. Following the completion of the sale, the director now directly owns 75 shares of the company’s stock, valued at approximately $2,293.50. This represents a 94.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of the company’s stock in a transaction dated 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 directly owns 11,792 shares of the company’s stock, valued at $340,788.80. This represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is owned by insiders.

About Northeast Community Bancorp

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.