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Northeast Community Bancorp (NECB) Stock Price, News & Analysis

Northeast Community Bancorp logo
$29.08 +0.03 (+0.10%)
(As of 11/15/2024 ET)

About Northeast Community Bancorp Stock (NASDAQ:NECB)

Key Stats

Today's Range
$28.64
$29.57
50-Day Range
$21.88
$31.11
52-Week Range
$14.26
$31.48
Volume
54,213 shs
Average Volume
80,993 shs
Market Capitalization
$407.70 million
P/E Ratio
8.08
Dividend Yield
2.06%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. The company also offers construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate loans, and consumer loans. In addition, it invests in various types of liquid assets, including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, and certificates of deposit of federally insured institutions, as well as securities of various federal agencies, and of state and municipal governments. Further, the company offers financial planning and investment advisory services; and life insurance products and fixed-rate annuities. It operates full-service branches located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts; and loan production offices located in White Plains, New York, and New City counties in New York and Danvers, Massachusetts. Northeast Community Bancorp, Inc. was founded in 1934 and is headquartered in White Plains, New York.

Northeast Community Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
66th Percentile Overall Score

NECB MarketRank™: 

Northeast Community Bancorp scored higher than 66% of companies evaluated by MarketBeat, and ranked 468th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Northeast Community Bancorp.

  • Earnings Growth

    Earnings for Northeast Community Bancorp are expected to decrease by -17.17% in the coming year, from $3.61 to $2.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Northeast Community Bancorp is 8.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.14.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Northeast Community Bancorp is 8.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.86.

  • Price to Book Value per Share Ratio

    Northeast Community Bancorp has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Northeast Community Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    1.08% of the float of Northeast Community Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    Northeast Community Bancorp has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Northeast Community Bancorp has recently decreased by 21.58%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Northeast Community Bancorp pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Northeast Community Bancorp does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Northeast Community Bancorp is 16.67%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Northeast Community Bancorp will have a dividend payout ratio of 20.07% next year. This indicates that Northeast Community Bancorp will be able to sustain or increase its dividend.

  • Read more about Northeast Community Bancorp's dividend.
  • Percentage of Shares Shorted

    1.08% of the float of Northeast Community Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    Northeast Community Bancorp has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Northeast Community Bancorp has recently decreased by 21.58%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Northeast Community Bancorp has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Northeast Community Bancorp this week, compared to 0 articles on an average week.
  • Search Interest

    3 people have searched for NECB on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 1 people have added Northeast Community Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Northeast Community Bancorp insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 4.70% of the stock of Northeast Community Bancorp is held by insiders.

  • Percentage Held by Institutions

    53.25% of the stock of Northeast Community Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Northeast Community Bancorp's insider trading history.
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NECB Stock News Headlines

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NECB Stock Analysis - Frequently Asked Questions

Northeast Community Bancorp's stock was trading at $17.74 on January 1st, 2024. Since then, NECB stock has increased by 63.9% and is now trading at $29.08.
View the best growth stocks for 2024 here
.

Northeast Community Bancorp, Inc. (NASDAQ:NECB) announced its quarterly earnings data on Monday, October, 28th. The savings and loans company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. The savings and loans company had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a trailing twelve-month return on equity of 16.63% and a net margin of 30.47%.

Northeast Community Bancorp (NECB) raised $98 million in an initial public offering on Tuesday, July 13th 2021. The company issued 9,784,077 shares at a price of $10.00 per share.

Top institutional investors of Northeast Community Bancorp include Geode Capital Management LLC (2.07%), State Street Corp (1.66%), Hotchkis & Wiley Capital Management LLC (1.25%) and Connor Clark & Lunn Investment Management Ltd. (1.02%). Insiders that own company stock include Kenneth A Martinek, Kenneth H Thomas, Charles Michael Cirillo and John F Mckenzie.
View institutional ownership trends
.

Shares of NECB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Northeast Community Bancorp investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

Ex-Dividend for 11/6 Dividend
10/04/2024
Last Earnings
10/28/2024
Dividend Payable
11/06/2024
Today
11/17/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/06/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Savings institutions, except federal
Sub-Industry
Banking
Current Symbol
NASDAQ:NECB
Fax
N/A
Employees
130
Year Founded
N/A

Profitability

Net Income
$46.28 million
Pretax Margin
42.58%

Debt

Sales & Book Value

Annual Sales
$136.23 million
Cash Flow
$3.36 per share
Book Value
$22.08 per share

Miscellaneous

Free Float
13,362,000
Market Cap
$407.70 million
Optionable
Optionable
Beta
0.59
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This page (NASDAQ:NECB) was last updated on 11/17/2024 by MarketBeat.com Staff
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