Northeast Community Bancorp said on March 28, 2023 that its board of directors declared a regular
quarterly dividend of $0.06 per share ($0.24 annualized).
Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of April 10, 2023 to qualify for the dividend.
Shareholders of record as of April 11, 2023
will receive the payment on May 8, 2023.
At the current share price of $12.89 / share,
the stock’s dividend yield is 1.86%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.19%,
the lowest has been 0.54%,
and the highest has been 2.39%.
The standard deviation of yields is 0.59 (n=236).
The current dividend yield is
1.15 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.14.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 1.68%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 26.61% Upside
As of March 29, 2023,
the average one-year price target for Northeast Community Bancorp is $16.32.
The forecasts range from a low of $16.16 to a high of $16.80.
The average price target represents an increase of 26.61% from its latest reported closing price of $12.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Northeast Community Bancorp
is $76MM, an increase of 16.18%.
The projected annual non-GAAP EPS
is $1.83.
What is the Fund Sentiment?
There are 91 funds or institutions reporting positions in Northeast Community Bancorp.
This is an increase
of
16
owner(s) or 21.33% in the last quarter.
Average portfolio weight of all funds dedicated to NECB is 0.20%,
an increase
of 0.05%.
Total shares owned by institutions increased
in the last three months by 17.09% to 5,705K shares.
The put/call ratio of NECB is 0.13, indicating a
bullish
outlook.
What are Large Shareholders Doing?
M3F
holds 1,547K shares
representing 10.49% ownership of the company.
In it’s prior filing, the firm reported owning 1,572K shares, representing
a decrease
of 1.62%.
The firm
increased
its portfolio allocation in NECB by 3.23% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 504K shares
representing 3.42% ownership of the company.
In it’s prior filing, the firm reported owning 405K shares, representing
an increase
of 19.55%.
The firm
increased
its portfolio allocation in NECB by 38.11% over the last quarter.
Hennessy Advisors
holds 255K shares
representing 1.73% ownership of the company.
In it’s prior filing, the firm reported owning 260K shares, representing
a decrease
of 1.96%.
The firm
increased
its portfolio allocation in NECB by 12.20% over the last quarter.
HSFNX – Hennessy Small Cap Financial Fund Investor Class
holds 255K shares
representing 1.73% ownership of the company.
In it’s prior filing, the firm reported owning 260K shares, representing
a decrease
of 1.96%.
The firm
increased
its portfolio allocation in NECB by 30.29% over the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares
holds 234K shares
representing 1.59% ownership of the company.
In it’s prior filing, the firm reported owning 158K shares, representing
an increase
of 32.40%.
The firm
increased
its portfolio allocation in NECB by 71.52% over the last quarter.
NorthEast Community Bancorp Background Information
(This description is provided by the company.)
NorthEast Community Bancorp, Inc. is the holding company for NorthEast Community Bank. NorthEast Community Bank is a New York State chartered savings bank that operates five full-service branches in New York State and three full-service branches in Massachusetts and loan production offices in White Plains and New City, New York
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
