NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend From $0.06 To $0.10 Per Share

3/21/24 3:01:38 PM ET

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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. The dividend will be paid on or about May 6, 2024 to shareholders of record as of the close of business on April 5, 2024.

"We are pleased to increase our quarterly dividend to shareholders," said Kenneth A. Martinek, Chairman and Chief Executive Officer of the Company. "The payment of dividends continues to represent one part of our long-term commitment to enhancing shareholder value."

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Recent Analyst Ratings for
$NECB

Date	Price Target	Rating	Analyst
5/8/2023	$16.00 → $15.00	Overweight → Neutral	Piper Sandler
10/7/2021	$12.50	Overweight	Piper Sandler

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Financials

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NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024
WHITE PLAINS, N.Y., Oct. 28, 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 $12.7 million, or $0.97 per basic share and $0.95 per diluted share, for the three months ended September 30, 2024 compared to net income of $11.8 million, or $0.80 per basic and diluted share, for the three months ended September 30, 2023. In addition, the Company generated net income of $36.9 million, or $2.81 per basic share and $2.78 per diluted share, for the nine months ended September 30, 2024 compared to net income of $34.2 million, or $2.42 per basic share and $2.41 per di
10/28/24 2:00:00 PM ET
$NECB
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NorthEast Community Bancorp, Inc. Announces Increase in Quarterly Cash Dividend and Special Cash Dividend
WHITE PLAINS, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the "Company") (NasdaqCM: NECB) announced today that its Board of Directors has declared a special cash dividend of $0.15 per share on its outstanding common stock. Additionally, its Board of Directors has approved an increase in the Company's quarterly cash dividend from $0.10 per share to $0.15 per share. The increased quarterly dividend and the special cash dividend will be paid on or about November 6, 2024 to shareholders of record as of the close of business on October 4, 2024. "We are pleased to increase our quarterly dividend to shareholders and to pay a special dividend," said K
9/19/24 3:00:00 PM ET
$NECB
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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
7/22/24 4:06:24 PM ET
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NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024
WHITE PLAINS, N.Y., Oct. 28, 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 $12.7 million, or $0.97 per basic share and $0.95 per diluted share, for the three months ended September 30, 2024 compared to net income of $11.8 million, or $0.80 per basic and diluted share, for the three months ended September 30, 2023. In addition, the Company generated net income of $36.9 million, or $2.81 per basic share and $2.78 per diluted share, for the nine months ended September 30, 2024 compared to net income of $34.2 million, or $2.42 per basic share and $2.41 per di
10/28/24 2:00:00 PM ET
$NECB
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NorthEast Community Bancorp, Inc. Announces Increase in Quarterly Cash Dividend and Special Cash Dividend
WHITE PLAINS, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the "Company") (NasdaqCM: NECB) announced today that its Board of Directors has declared a special cash dividend of $0.15 per share on its outstanding common stock. Additionally, its Board of Directors has approved an increase in the Company's quarterly cash dividend from $0.10 per share to $0.15 per share. The increased quarterly dividend and the special cash dividend will be paid on or about November 6, 2024 to shareholders of record as of the close of business on October 4, 2024. "We are pleased to increase our quarterly dividend to shareholders and to pay a special dividend," said K
9/19/24 3:00:00 PM ET
$NECB
Banks
Finance
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
7/22/24 4:06:24 PM ET
$NECB
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NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend From $0.06 To $0.10 Per Share

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Recent Analyst Ratings for
$NECB

$NECB
Financials

Live finance-specific insights

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

NorthEast Community Bancorp, Inc. Announces Increase in Quarterly Cash Dividend and Special Cash Dividend

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

$NECB
SEC Filings

SEC Form 144 filed by NorthEast Community Bancorp Inc.

SEC Form 10-Q filed by NorthEast Community Bancorp Inc.

NorthEast Community Bancorp Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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Northeast Comm. Bancorp downgraded by Piper Sandler with a new price target

Piper Sandler initiated coverage on NorthEast Community with a new price target

$NECB
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NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024

NorthEast Community Bancorp, Inc. Announces Increase in Quarterly Cash Dividend and Special Cash Dividend

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

$NECB
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Market Insights

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President and COO Collazo Jose M covered exercise/tax liability with 6,064 shares, decreasing direct ownership by 29% to 14,813 units (SEC Form 4)

EVP and CFO Hom Donald S covered exercise/tax liability with 2,850 shares, decreasing direct ownership by 20% to 11,759 units (SEC Form 4)

Director Martinek Charles A covered exercise/tax liability with 534 shares, decreasing direct ownership by 30% to 1,275 units (SEC Form 4)

SEC Form SC 13G/A filed by NorthEast Community Bancorp Inc. (Amendment)

SEC Form SC 13G/A filed by NorthEast Community Bancorp Inc. (Amendment)

SEC Form SC 13G filed by NorthEast Community Bancorp Inc.

NorthEast Community Q2 2024 GAAP EPS $0.97

NorthEast Community Q1 EPS $0.86 Beats $0.72 Estimate