Northeast Community Bancorp (NASDAQ:NECB) Issues Earnings Results

Northeast Community Bancorp (NASDAQ:NECB) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02), Zacks reports. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%.

Northeast Community Bancorp Trading Down 0.4 %

NECB opened at $25.60 on Thursday. The company has a market cap of $358.91 million, a P/E ratio of 7.10 and a beta of 0.67. The company has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $25.05. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp has a 1-year low of $14.26 and a 1-year 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. 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 2.34%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp’s payout ratio is 16.67%.

Insider Transactions at Northeast Community Bancorp

In related news, Director Charles A. Martinek sold 1,200 shares of Northeast Community Bancorp stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now owns 75 shares of the company’s stock, valued at $2,293.50. The trade was a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John F. Mckenzie sold 1,000 shares of Northeast Community Bancorp stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $28.90, for a total transaction of $28,900.00. Following the completion of the sale, the director now directly owns 11,792 shares in the company, valued at approximately $340,788.80. This represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,200 shares of company stock valued at $209,766 in the last 90 days. 4.70% of the stock is currently owned by corporate 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.