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

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.

Key Stats

• Today's Range: $29.35 to $30.16
• 50-Day Range: $22.39 to $31.11
• 52-Week Range: $14.26 to $31.48
• Volume: 37,388 shs
• Average Volume: 72,354 shs
• Market Capitalization: $422.31 million
• P/E Ratio: 8.37
• Dividend Yield: 1.99%
• Price Target: N/A
• Consensus Rating: N/A

Northeast Community Bancorp Stock Analysis - MarketRank™

Northeast Community Bancorp scored higher than 63% of companies evaluated by MarketBeat, and ranked 457th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Northeast Community Bancorp.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -17.17%

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 8.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northeast Community Bancorp is 8.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 39.18.

Price to Book Value per Share Ratio

Northeast Community Bancorp has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

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

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Northeast Community Bancorp pays a meaningful dividend of 2.03%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.40

News Sentiment

Northeast Community Bancorp has a news sentiment score of 0.40. 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 lower news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 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. This is an increase of 200% compared to the previous 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 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Northeast Community Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $28,900.00 in 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.

NECB Stock Analysis - Frequently Asked Questions

How have NECB shares performed this year?

Northeast Community Bancorp's stock was trading at $17.74 at the start of the year. Since then, NECB stock has increased by 69.8% and is now trading at $30.12.
View the best growth stocks for 2024 here.

How were Northeast Community Bancorp's earnings last quarter?

Northeast Community Bancorp, Inc. (NASDAQ:NECB) issued its quarterly earnings results on Monday, October, 28th. The savings and loans company reported $0.95 earnings per share for the quarter, beating 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%.

When did Northeast Community Bancorp IPO?

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.

Who are Northeast Community Bancorp's major shareholders?

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, John F Mckenzie, Kenneth H Thomas and Charles Michael Cirillo.
View institutional ownership trends.

How do I buy shares of Northeast Community Bancorp?

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.

What other stocks do shareholders of Northeast Community Bancorp own?

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: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: Banking
• Current Symbol: NASDAQ:NECB
• CUSIP: N/A
• CIK: 1354772
• Web: www.necommunitybank.com
• Phone: (914) 684-2500
• Fax: N/A
• Employees: 130
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $3.60
• Trailing P/E Ratio: 8.37
• Forward P/E Ratio: 8.34
• P/E Growth: N/A
• Net Income: $46.28 million
• Net Margins: 30.47%
• Pretax Margin: 42.58%
• Return on Equity: 16.63%
• Return on Assets: 2.60%

Debt

• Debt-to-Equity Ratio: 0.02
• Current Ratio: 1.14
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $106.15 million
• Price / Sales: 3.98
• Cash Flow: $3.45 per share
• Price / Cash Flow: 8.74
• Book Value: $22.08 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 14,021,000
• Free Float: 13,362,000
• Market Cap: $422.31 million
• Optionable: Optionable
• Beta: 0.59