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NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend
Globe Newswire (Thu, 21-Mar 3:00 PM ET)
NorthEast Community Bancorp, Inc. Announces Date of 2024 Annual Meeting of Stockholders
Globe Newswire (Thu, 22-Feb 3:00 PM ET)
Globe Newswire (Thu, 1-Feb 1:25 PM ET)
NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.
Northeast Community Bancorp trades on the NASDAQ stock market under the symbol NECB.
As of April 23, 2024, NECB stock price climbed to $15.62 with 8,855 million shares trading.
NECB has a beta of 0.80, meaning it tends to be less sensitive to market movements. NECB has a correlation of 0.18 to the broad based SPY ETF.
NECB has a market cap of $219.71 million. This is considered a Small Cap stock.
Last quarter Northeast Community Bancorp reported $27 million in Revenue and $.82 earnings per share. This beat revenue expectation by $26,000 and exceeded earnings estimates by $.03.
The top ETF exchange traded funds that NECB belongs to (by Net Assets): VTI, IWM, VXF, IWN, BSVO.
NECB has underperformed the market in the last year with a return of +21.4%, while the SPY ETF gained +24.3%. In the last 3 month period, NECB fell short of the market, returning -8.8%, while SPY returned +4.9%. However, in the most recent 2 weeks NECB has outperformed the stock market by returning +2.4%, while SPY returned -2.5%.
NECB support price is $15.26 and resistance is $15.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NECB stock will trade within this expected range on the day.