Northeast Community Bancorp (NASDAQ:NECB) Releases Earnings Results, Beats Expectations By $0.25 EPS

Northeast Community Bancorp (NASDAQ:NECB) announced its earnings results on Monday. The savings and loans company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.25, Yahoo Finance reports. Northeast Community Bancorp had a return on equity of 17.17% and a net margin of 31.34%. The company had revenue of $40.97 million for the quarter, compared to analysts’ expectations of $24.69 million.

Northeast Community Bancorp Stock Performance

Shares of NECB traded up $0.47 during mid-day trading on Thursday, reaching $22.53. The stock had a trading volume of 8,588 shares, compared to its average volume of 45,201. The business has a fifty day moving average of $17.94 and a 200 day moving average of $16.70. The firm has a market cap of $316.10 million, a price-to-earnings ratio of 6.83 and a beta of 0.59. Northeast Community Bancorp has a 12 month low of $13.93 and a 12 month high of $22.59.

Northeast Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, July 5th. Northeast Community Bancorp’s payout ratio is 12.38%.

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.