NASDAQ:NECB

Northeast Community Bancorp (NECB) Stock Forecast, Price & News

$14.76

-0.22 (-1.47%)

(As of 04:00 PM ET)

Compare

Today's Range: $14.74
▼
$14.94
50-Day Range: $14.95
▼
$16.53
52-Week Range: $12.40
▼
$16.62

Volume: 40,467 shs
Average Volume: 91,602 shs
Market Capitalization: $220.96 million

P/E Ratio: 5.79
Dividend Yield: 1.63%
Price Target: $15.00

Northeast Community Bancorp MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 1.3% Upside
$15.00 Price Target
Short Interest: Healthy
5.09% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.54
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -33.57%
From $2.86 to $1.90 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.80 out of 5 stars

Finance Sector

744th out of 868 stocks

Savings Institutions, Except Federal Industry

16th out of 20 stocks

1.0

Analyst's Opinion

Consensus Rating
Northeast Community Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, Northeast Community Bancorp has a forecasted upside of 1.3% from its current price of $14.81.
Amount of Analyst Coverage
Northeast Community Bancorp has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.09% of the float of Northeast Community Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Northeast Community Bancorp has a short interest ratio ("days to cover") of 8.5.
Change versus previous month
Short interest in Northeast Community Bancorp has recently decreased by 7.27%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Northeast Community Bancorp pays a meaningful dividend of 1.60%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Northeast Community Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Northeast Community Bancorp is 9.41%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Northeast Community Bancorp will have a dividend payout ratio of 12.63% next year. This indicates that Northeast Community Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NECB.

3.1

News and Social Media Coverage

News Sentiment
Northeast Community Bancorp has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Northeast Community Bancorp this week, compared to 1 article on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Northeast Community Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.39% of the stock of Northeast Community Bancorp is held by insiders.
Percentage Held by Institutions
43.01% of the stock of Northeast Community Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Northeast Community Bancorp are expected to decrease by -33.57% in the coming year, from $2.86 to $1.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Northeast Community Bancorp is 5.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of Northeast Community Bancorp is 5.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 71.70.
Price to Book Value per Share Ratio
Northeast Community Bancorp has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Northeast Community Bancorp (NASDAQ:NECB) Stock

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. The company also offers construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate loans, and consumer loans. In addition, it invests in various types of liquid assets, including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, and certificates of deposit of federally insured institutions, as well as securities of various federal agencies, and of state and municipal governments. Further, the company offers financial planning and investment advisory services; and life insurance products and fixed-rate annuities. It operates full-service branches located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts; and loan production offices located in White Plains, New York, and New City counties in New York and Danvers, Massachusetts. The company was founded in 1934 and is headquartered in White Plains, New York.

NECB Price History

30 days | 90 days | 365 days | Advanced Chart

NECB Stock News Headlines

August 25, 2023 | finance.yahoo.com

Positive Signs As Multiple Insiders Buy Northeast Community Bancorp Stock

July 27, 2023 | finance.yahoo.com

NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2023

September 29, 2023 | Behind the Markets (Ad)

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July 27, 2023 | finance.yahoo.com

Northeast Community Bancorp (NECB) Surpasses Q2 Earnings and Revenue Estimates

July 22, 2023 | theglobeandmail.com

Instrument Name Northeast Community Bancorp Instrument Symbol (NECB-Q)

July 6, 2023 | msn.com

NorthEast Community Bancorp (NECB) Price Target Increased by 13.33% to 17.34

June 27, 2023 | finance.yahoo.com

Northeast Community Bancorp (NASDAQ:NECB) Has Announced A Dividend Of $0.06

May 30, 2023 | finance.yahoo.com

NorthEast Community Bancorp, Inc. Announces Second Stock Repurchase Program

September 29, 2023 | MarketBeat Internal (Ad)

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May 21, 2023 | finance.yahoo.com

Investors in Northeast Community Bancorp (NASDAQ:NECB) have seen solid returns of 139% over the past three years

May 8, 2023 | markets.businessinsider.com

Northeast Community Bancorp (NECB) was downgraded to a Hold Rating at Piper Sandler

May 8, 2023 | msn.com

Piper Sandler Downgrades NorthEast Community Bancorp (NECB)

May 1, 2023 | finance.yahoo.com

NorthEast Community Bancorp, Inc. Reports Results for the Three Months and Year Ended March 31, 2023

May 1, 2023 | finance.yahoo.com

Northeast Community Bancorp (NECB) Beats Q1 Earnings and Revenue Estimates

April 30, 2023 | finance.yahoo.com

Should You Be Adding Northeast Community Bancorp (NASDAQ:NECB) To Your Watchlist Today?

April 25, 2023 | finance.yahoo.com

Peapack-Gladstone (PGC) Lags Q1 Earnings and Revenue Estimates

April 19, 2023 | msn.com

Northeast Community Bancorp (NECB) to Report Q1 Results: Wall Street Expects Earnings Growth

April 1, 2023 | finance.yahoo.com

Northeast Community Bancorp (NASDAQ:NECB) Is Paying Out A Dividend Of $0.06

March 31, 2023 | finance.yahoo.com

4 Top-Rated Profitable Stocks to Buy Using Net Income Ratio

March 30, 2023 | msn.com

Northeast Community Bancorp (NECB) Declares $0.06 Dividend

March 30, 2023 | finance.yahoo.com

Implied Volatility Surging for Northeast Community Bancorp (NECB) Stock Options

March 22, 2023 | seekingalpha.com

NECB Northeast Community Bancorp, Inc.

March 18, 2023 | finance.yahoo.com

Trade Alert: The Independent Director Of Northeast Community Bancorp, Inc. (NASDAQ:NECB), Charles Cirillo, Has Just Spent US$62k Buying 20% More Shares

March 16, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights The Bank of New York Mellon, Northeast Community Bancorp and SB Financial Group

March 16, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights The Bank of New York Mellon, Northeast Community Bancorp and SB Financial Group

March 15, 2023 | finance.yahoo.com

Zacks.com featured highlights include MercadoLibre, iRadimed, Northeast Community Bancorp and AAON

March 14, 2023 | finance.yahoo.com

4 Best Profitable Stocks to Buy Banking on Net Income Ratio

See More Headlines

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NECB Company Calendar

Ex-Dividend for 8/4 Dividend: 7/03/2023
Last Earnings: 7/26/2023
Dividend Payable: 8/04/2023
Today: 9/29/2023
Ex-Dividend for 11/8 Dividend: 10/05/2023
Next Earnings (Estimated): 10/27/2023
Dividend Payable: 11/08/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Savings institutions, except federal
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:NECB
CUSIP: N/A
CIK: 1354772
Web: www.necommunitybank.com
Phone: (914) 684-2500
Fax: N/A
Employees: 134
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.00
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +1.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.55
Trailing P/E Ratio: 5.79
Forward P/E Ratio: 5.16
P/E Growth: N/A
Net Income: $24.84 million
Net Margins: 35.53%
Pretax Margin: 50.22%
Return on Equity: 14.47%
Return on Assets: 2.62%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 1.14
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $73.68 million
Price / Sales: 3.00
Cash Flow: $1.66 per share
Price / Cash Flow: 8.91
Book Value: $16.25 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 14,970,000
Free Float: 14,313,000
Market Cap: $220.96 million
Optionable: Not Optionable
Beta: 0.58

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Key Executives

Mr. Kenneth A. Martinek (Age 71)
Chairman & CEO
Comp: $897.43k

Mr. Jose M. Collazo (Age 57)
Pres, COO & Director
Comp: $658.4k

Mr. Donald S. Hom (Age 68)
Exec. VP & CFO
Comp: $476.03k

Ms. Anne Stevenson-DeBlasi
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NECB Stock - Frequently Asked Questions

Should I buy or sell Northeast Community Bancorp stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northeast Community Bancorp in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NECB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NECB, but not buy additional shares or sell existing shares.
View NECB analyst ratings or view top-rated stocks.
What is Northeast Community Bancorp's stock price forecast for 2023?: 1 equities research analysts have issued twelve-month target prices for Northeast Community Bancorp's shares. Their NECB share price forecasts range from $15.00 to $15.00. On average, they predict the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
View analysts price targets for NECB or view top-rated stocks among Wall Street analysts.
How have NECB shares performed in 2023?: Northeast Community Bancorp's stock was trading at $14.92 on January 1st, 2023. Since then, NECB shares have decreased by 1.1% and is now trading at $14.76.
View the best growth stocks for 2023 here.
When is Northeast Community Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our NECB earnings forecast.
How were Northeast Community Bancorp's earnings last quarter?: Northeast Community Bancorp, Inc. (NASDAQ:NECB) released its quarterly earnings data on Wednesday, July, 26th. The savings and loans company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.10. The savings and loans company earned $25.04 million during the quarter, compared to the consensus estimate of $22.37 million. Northeast Community Bancorp had a net margin of 35.53% and a trailing twelve-month return on equity of 14.47%.
How often does Northeast Community Bancorp pay dividends? What is the dividend yield for Northeast Community Bancorp?: Northeast Community Bancorp announced a quarterly dividend on Thursday, September 21st. Investors of record on Friday, October 6th will be paid a dividend of $0.06 per share on Wednesday, November 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 5th.
Read our dividend analysis for NECB.

Is Northeast Community Bancorp a good dividend stock?: Northeast Community Bancorp (NASDAQ:NECB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.60%. The dividend payout ratio is 9.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NECB will have a dividend payout ratio of 12.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NECB.
When did Northeast Community Bancorp IPO?: (NECB) raised $98 million in an IPO on Tuesday, July 13th 2021. The company issued 9,784,077 shares at a price of $10.00 per share.
What is Northeast Community Bancorp's stock symbol?: Northeast Community Bancorp trades on the NASDAQ under the ticker symbol "NECB."
How do I buy shares of Northeast Community Bancorp?: Shares of NECB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Northeast Community Bancorp's stock price today?: One share of NECB stock can currently be purchased for approximately $14.76.
How much money does Northeast Community Bancorp make?: Northeast Community Bancorp (NASDAQ:NECB) has a market capitalization of $220.96 million and generates $73.68 million in revenue each year. The savings and loans company earns $24.84 million in net income (profit) each year or $2.55 on an earnings per share basis.
How many employees does Northeast Community Bancorp have?: The company employs 134 workers across the globe.
How can I contact Northeast Community Bancorp?: Northeast Community Bancorp's mailing address is 325 Hamilton Avenue, White Plains NY, 10601. The official website for the company is www.necommunitybank.com. The savings and loans company can be reached via phone at (914) 684-2500.

This page (NASDAQ:NECB) was last updated on 9/29/2023 by MarketBeat.com Staff

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