Headquartered in White Plains, NY Fiscal year ends December NASDAQ: NECB necb.com
NorthEast Community Bancorp, Inc. is the holding company for NorthEast Community Bank, a community bank operating eleven branch offices across the Bronx, New York, Orange, Rockland, and Sullivan Counties in New York, and Essex, Middlesex, and Norfolk Counties in Massachusetts, along with three loan production offices. The bank specializes in construction lending, particularly for residential housing projects in low- and moderate-income communities, which represents the majority of its loan portfolio. It also provides multi-family, commercial and industrial, mixed-use, non-residential, and one-to-four family mortgage loans. The bank funds its operations primarily through retail and brokered deposits, and maintains a strong capital position as a well-capitalized institution under the Prompt Corrective Action framework. The company trades on the Nasdaq under the ticker NECB. Updated
Earnings came in below the $0.89 consensus, missing expectations on a $1.1 million unrealized loss on equity securities and fraud-related charge-offs, even as revenue ran past estimates. Non-performing assets climbing to $17.4 million from zero at year-end is the line to keep an eye on.
NetApp is handing shareholders the most cash today, about $102 million at 52 cents a share, landing October 28. Four other companies are paying out alongside it, bringing the day's total past $177 million.
Four dividend stocks have ex-dividend deadlines in the next 48 hours, and one of them stops qualifying at today's close. Yields, earnings coverage, and a few red flags worth knowing before the…
NorthEast Community Bancorp, Inc. is the holding company for NorthEast Community Bank, a community bank operating eleven branch offices across the Bronx, New York, Orange, Rockland, and Sullivan Counties in New York, and Essex, Middlesex, and Norfolk Counties in Massachusetts, along with three loan production offices.
The Wall Street consensus 12-month price target for NECB is $30.50.
