Northeast Community Bancorp Inc. (NASDAQ:NECB) Plans Quarterly Dividend of $0.20

Northeast Community Bancorp Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, March 19th. Stockholders of record on Monday, April 6th will be paid a dividend of 0.20 per share by the savings and loans company on Tuesday, May 5th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, April 6th.

Northeast Community Bancorp has raised its dividend by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 2 years. Northeast Community Bancorp has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northeast Community Bancorp to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.2%.

Northeast Community Bancorp Stock Up 0.5%

NECB opened at $23.25 on Friday. Northeast Community Bancorp has a twelve month low of $19.27 and a twelve month high of $25.18. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $23.68 and a 200 day moving average price of $22.12. The company has a market cap of $321.55 million, a PE ratio of 7.13 and a beta of 0.41.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings data on Friday, January 30th. The savings and loans company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.06). The firm had revenue of $26.44 million for the quarter, compared to analysts’ expectations of $27.15 million. Northeast Community Bancorp had a return on equity of 13.07% and a net margin of 28.07%. Sell-side analysts expect that Northeast Community Bancorp will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp declared that its Board of Directors has authorized a share repurchase plan on Monday, December 8th that permits the company to repurchase $1.40 million in outstanding shares. This repurchase authorization permits the savings and loans company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

About Northeast Community Bancorp

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.