Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) released its quarterly earnings data on Monday. The savings and loans company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01, Zacks reports. The firm had revenue of $25.26 million for the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%.
Northeast Community Bancorp Stock Up 1.2 %
NASDAQ NECB traded up $0.26 on Thursday, reaching $22.13. The company had a trading volume of 25,187 shares, compared to its average volume of 58,336. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The company's fifty day moving average is $22.54 and its 200 day moving average is $25.22. Northeast Community Bancorp has a 52-week low of $15.31 and a 52-week high of $31.72. The stock has a market capitalization of $310.26 million, a P/E ratio of 6.18 and a beta of 0.42.
Northeast Community Bancorp Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 7th will be given a dividend of $0.20 per share. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.62%. Northeast Community Bancorp's payout ratio is presently 22.35%.
Northeast Community Bancorp Company Profile
(
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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