Northeast Community Bancorp Inc. (NASDAQ:NECB) to Issue $0.20 Quarterly Dividend

Northeast Community Bancorp Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, March 19th. Stockholders of record on Monday, April 6th will be paid a dividend of 0.20 per share by the savings and loans company on Tuesday, May 5th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, April 6th.

Northeast Community Bancorp has increased its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 2 years. Northeast Community Bancorp has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.2%.

Northeast Community Bancorp Stock Performance

NASDAQ NECB opened at $23.25 on Friday. The stock has a fifty day simple moving average of $23.68 and a 200-day simple moving average of $22.12. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $321.55 million, a PE ratio of 7.13 and a beta of 0.41. Northeast Community Bancorp has a twelve month low of $19.27 and a twelve month high of $25.18.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Friday, January 30th. The savings and loans company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). Northeast Community Bancorp had a net margin of 28.07% and a return on equity of 13.07%. The company had revenue of $26.44 million during the quarter, compared to analyst estimates of $27.15 million. Equities analysts anticipate that Northeast Community Bancorp will post 3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NECB. Zacks Research cut shares of Northeast Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings raised Northeast Community Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Northeast Community Bancorp currently has an average rating of “Moderate Buy”.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.