Northeast Community Bancorp (NECB) Expected to Announce Quarterly Earnings on Thursday

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.87 per share for the quarter.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. On average, analysts expect Northeast Community Bancorp to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northeast Community Bancorp Trading Down 0.7 %

NECB traded down $0.19 during trading on Thursday, reaching $25.37. The company had a trading volume of 30,379 shares, compared to its average volume of 73,175. The firm's 50-day simple moving average is $26.35 and its 200 day simple moving average is $25.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $355.70 million, a price-to-earnings ratio of 7.04 and a beta of 0.67. Northeast Community Bancorp has a 12-month low of $14.26 and a 12-month high of $31.72.

Northeast Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.37%. Northeast Community Bancorp's dividend payout ratio (DPR) is presently 16.76%.

Insiders Place Their Bets

In other news, Director Charles A. Martinek sold 1,200 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now directly owns 75 shares in the company, valued at $2,293.50. The trade was a 94.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Donald S. Hom sold 3,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the sale, the chief financial officer now owns 8,759 shares of the company's stock, valued at approximately $254,799.31. This represents a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,200 shares of company stock worth $209,766. Corporate insiders own 4.70% of the company's stock.

About Northeast Community Bancorp

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.