Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) released its quarterly earnings results on Monday. The savings and loans company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.04, Yahoo Finance reports. The business had revenue of $42.53 million for the quarter, compared to analysts' expectations of $26.53 million. Northeast Community Bancorp had a return on equity of 16.87% and a net margin of 31.34%.
Northeast Community Bancorp Price Performance
NASDAQ:NECB traded down $0.66 during trading hours on Tuesday, reaching $26.95. 35,581 shares of the company traded hands, compared to its average volume of 51,893. The firm's 50-day moving average is $24.58 and its 200-day moving average is $20.48. The stock has a market cap of $377.87 million, a P/E ratio of 7.49 and a beta of 0.59. Northeast Community Bancorp has a 1-year low of $14.26 and a 1-year high of $28.99.
Northeast Community Bancorp Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, October 4th. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.10. Northeast Community Bancorp's dividend payout ratio is 16.67%.
About Northeast Community Bancorp
(
Get Free Report)
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.
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