Northeast Community Bancorp, Inc. (NASDAQ:NECB) Plans Quarterly Dividend of $0.15

Northeast Community Bancorp, Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.15 per share by the savings and loans company on Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%.

Northeast Community Bancorp has raised its dividend by an average of 17.2% annually over the last three years. Northeast Community Bancorp has a dividend payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northeast Community Bancorp to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.1%.

Northeast Community Bancorp Stock Down 4.2 %

NASDAQ:NECB traded down $1.08 on Thursday, hitting $24.55. The stock had a trading volume of 229,318 shares, compared to its average volume of 54,617. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp has a 52 week low of $14.26 and a 52 week high of $31.72. The business’s fifty day moving average is $28.32 and its 200 day moving average is $23.53. The company has a market cap of $344.19 million, a PE ratio of 6.82 and a beta of 0.63.

Northeast Community Bancorp (NASDAQ:NECB) last issued its earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. On average, equities research analysts expect that Northeast Community Bancorp will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at Northeast Community Bancorp

In related news, Director Charles A. Martinek sold 1,200 shares of Northeast Community Bancorp stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now owns 75 shares of the company’s stock, valued at $2,293.50. The trade was a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the sale, the chief financial officer now directly owns 8,759 shares of the company’s stock, valued at $254,799.31. The trade was a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,200 shares of company stock valued at $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.