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

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Monday, January 5th will be paid a dividend of 0.20 per share by the savings and loans company on Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, January 5th.Northeast Community Bancorp has increased its dividend payment by an average of 0.4%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% indicating that its dividend is sufficiently covered by earnings. Research 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 PerformanceShares of NASDAQ:NECB opened at $23.89 on Friday. The stock has a market capitalization of $335.11 million, a price-to-earnings ratio of 7.31 and a beta of 0.42. The business's fifty day moving average price is $20.92 and its two-hundred day moving average price is $21.68. Northeast Community Bancorp has a fifty-two week low of $19.27 and a fifty-two week high of $26.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.27 and a quick ratio of 1.27. Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its earnings results on Friday, October 24th. The savings and loans company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. The business had revenue of $26.61 million during the quarter, compared to analysts' expectations of $26.80 million. Northeast Community Bancorp had a net margin of 27.97% and a return on equity of 13.43%. As a group, analysts predict that Northeast Community Bancorp will post 3.04 EPS for the current fiscal year. Analyst Upgrades and DowngradesSeveral brokerages recently issued reports on NECB. Zacks Research downgraded shares of Northeast Community Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 28th. Weiss Ratings lowered Northeast Community Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".Get Our Latest Stock Analysis on Northeast Community BancorpAbout 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.Featured ArticlesFive stocks we like better than Northeast Community BancorpWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Rocket Lab's Sharp Rebound: What's Behind the Recent MomentumHow to Find Undervalued StocksJabil Is Flying Under the Radar—But a 50% Surge May Be ComingWhat is the MACD Indicator and How to Use it in Your TradingQualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Northeast Community Bancorp Right Now?Before you consider Northeast Community Bancorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northeast Community Bancorp wasn't on the list.While Northeast Community Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here