Northeast Community Bancorp
NECB

$22.24

0.76%

Market Cap: $283M

About: 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.

Employees: 141

Financials Savings Institutions, Not Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

486% more call options, than puts

Call options by funds: $697K | Put options by funds: $119K

12% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 26

11% more capital invested

Capital invested by funds: $91.5M [Q1] → $102M (+$10M) [Q2]

0% more funds holding

Funds holding: 77 [Q1] → 77 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

0.31% less ownership

Funds ownership: 40.92% [Q1] → 40.61% (-0.31%) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for NECB.

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Financial journalist opinion

Northeast Community Bancorp: Recent Stellar Upside Isn't The End Of The Story

Northeast Community Bancorp has surged 36% since my 'strong buy' rating in May, significantly outperforming the S&P 500's 7.3% rise. Despite a drop in net interest margin, net interest income rose 12.8% year-over-year, driven by increased interest-bearing liabilities. The bank's balance sheet shows growth in deposits and loans, low debt, and increased cash, making it financially robust.

Northeast Community Bancorp: Recent Stellar Upside Isn't The End Of The Story

Zacks Investment Research

Northeast Community Bancorp Inc. (NECB) Hits Fresh High: Is There Still Room to Run?

Northeast Community Bancorp (NECB) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Northeast Community Bancorp Inc. (NECB) Hits Fresh High: Is There Still Room to Run?

Zacks Investment Research

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

Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.75 per share a year ago.

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

NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2024

WHITE PLAINS, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), generated net income of $12.8 million, or $0.98 per basic share and $0.97 per diluted share, for the three months ended June 30, 2024 compared to net income of $11.1 million, or $0.75 per basic and diluted share, for the three months ended June 30, 2023. In addition, the Company generated net income of $24.2 million, or $1.84 per basic share and $1.83 per diluted share, for the six months ended June 30, 2024 compared to net income of $22.3 million, or $1.56 per basic and diluted share, for the six months ended June 30, 2023.

NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2024

Zacks Investment Research

Analysts Estimate Northeast Community Bancorp (NECB) to Report a Decline in Earnings: What to Look Out for

Northeast Community Bancorp (NECB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Northeast Community Bancorp (NECB) to Report a Decline in Earnings: What to Look Out for

Zacks Investment Research

Are Investors Undervaluing Northeast Community Bancorp (NECB) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Northeast Community Bancorp (NECB) Right Now?

NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

WHITE PLAINS, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share.

NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

Northeast Community Bancorp: A Stellar Prospect For Value Investors

Northeast Community Bancorp is a small bank with a market capitalization of $188 million. The bank has experienced impressive growth in deposits and loans over the past few years. Shares of Northeast Community Bancorp are attractively priced and the bank has a strong track record of profitability and asset quality.

Northeast Community Bancorp: A Stellar Prospect For Value Investors

Bank Buzz: Northeast Community Is Executing The 'Thrift Game Plan' Perfectly

Our strategy is to invest in banks trading below tangible book value with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. We recap the earnings season and highlight a few interesting ideas, including PDLB and NBBK. After revisiting our investment thesis, we are maintaining a strong buy rating for NECB.

Bank Buzz: Northeast Community Is Executing The 'Thrift Game Plan' Perfectly

Zacks Investment Research

Is Northeast Community Bancorp (NECB) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Northeast Community Bancorp (NECB) Stock Undervalued Right Now?

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