Northeast Community Bancorp (NASDAQ:NECB) Posts Earnings Results, Misses Estimates By $0.02 EPS

Northeast Community Bancorp (NASDAQ:NECB) posted its quarterly earnings data on Wednesday. The savings and loans company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02), Zacks reports. Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%.

Northeast Community Bancorp Trading Up 0.1 %

NECB stock traded up $0.04 during mid-day trading on Friday, reaching $25.08. The company’s stock had a trading volume of 7,743 shares, compared to its average volume of 72,088. The company has a market cap of $351.55 million, a price-to-earnings ratio of 7.02 and a beta of 0.67. The business’s 50 day moving average price is $26.27 and its 200 day moving average price is $25.05. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be issued a $0.15 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. Northeast Community Bancorp’s payout ratio is currently 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 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 completion of the sale, the director now owns 75 shares in the company, valued at $2,293.50. The trade was a 94.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $28.90, for a total value of $28,900.00. Following the sale, the director now owns 11,792 shares of the company’s stock, valued at approximately $340,788.80. This represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,200 shares of company stock worth $209,766. 4.70% of the stock is owned by corporate insiders.

Northeast Community Bancorp Company Profile

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.