Northeast Community Bancorp Inc. (NECB) to Distribute Quarterly Dividend of $0.25 on August 6th

Northeast Community Bancorp Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, June 18th. Investors of record on Tuesday, July 7th will be given a dividend of 0.25 per share by the savings and loans company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, July 7th. This is a 25.0% increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20.

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 dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $3.62 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 22.1%.

Northeast Community Bancorp Stock Performance

NASDAQ NECB opened at $25.74 on Friday. The firm has a market cap of $355.47 million, a P/E ratio of 7.99 and a beta of 0.36. Northeast Community Bancorp has a 52-week low of $19.27 and a 52-week high of $26.14. The business’s 50-day moving average price is $24.60 and its 200 day moving average price is $23.85. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.06.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). Northeast Community Bancorp had a net margin of 28.16% and a return on equity of 12.62%. The company had revenue of $24.93 million for the quarter, compared to analysts’ expectations of $26.42 million. On average, equities research analysts expect that Northeast Community Bancorp will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Freedom Capital upgraded Northeast Community Bancorp to a “strong-buy” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Northeast Community Bancorp has a consensus rating of “Buy”.

Northeast Community Bancorp Company Profile

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.