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

1 Wall Street equities research 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 equities research 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.
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1 equities research analysts have issued twelve-month target prices for Northeast Community Bancorp's stock. Their NECB share price targets range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
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Northeast Community Bancorp's stock was trading at $17.74 at the beginning of 2024. Since then, NECB shares have decreased by 15.6% and is now trading at $14.98.
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Northeast Community Bancorp saw a decrease in short interest in March. As of March 31st, there was short interest totaling 174,800 shares, a decrease of 17.5% from the March 15th total of 211,900 shares. Based on an average daily trading volume, of 50,300 shares, the days-to-cover ratio is presently 3.5 days. Approximately 1.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our NECB earnings forecast.

Northeast Community Bancorp, Inc. (NASDAQ:NECB) posted its earnings results on Thursday, February, 1st. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The savings and loans company had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.57 million. Northeast Community Bancorp had a trailing twelve-month return on equity of 17.08% and a net margin of 33.97%.

Northeast Community Bancorp announced a quarterly dividend on Thursday, March 21st. Shareholders of record on Friday, April 5th will be given a dividend of $0.10 per share on Monday, May 6th. This represents a $0.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for NECB.

Northeast Community Bancorp (NASDAQ:NECB) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.66%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NECB will have a dividend payout ratio of 16.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NECB.

Northeast Community Bancorp (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.

Northeast Community Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Lynch & Associates IN (0.10%). Insiders that own company stock include Charles A Martinek, Charles Michael Cirillo, Diane B Cavanaugh, Diane B Cavanaugh, Eugene M Magier, John F Mckenzie, John F Mckenzie, Jose M Collazo, Kenneth A Martinek, Kenneth H Thomas and Land Co Puckett.
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Shares of NECB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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