Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) released its earnings results on Monday. The savings and loans company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01, Zacks reports. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. The firm had revenue of $25.26 million during the quarter, compared to analyst estimates of $25.49 million.
Northeast Community Bancorp Stock Up 1.8 %
Shares of NECB traded up $0.40 during midday trading on Friday, reaching $22.68. 40,923 shares of the stock were exchanged, compared to its average volume of 58,651. The company has a market cap of $318.04 million, a price-to-earnings ratio of 6.34 and a beta of 0.42. The firm has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $25.18. Northeast Community Bancorp has a 12-month low of $15.68 and a 12-month high of $31.72. 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 Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 7th. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 3.53%. Northeast Community Bancorp's dividend payout ratio is currently 22.86%.
About Northeast Community Bancorp
(
Get Free Report)
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.
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