NorthEast Community Stock (NASDAQ:NECB), Trade Ideas

NorthEast Community

Northeast Community

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.

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As of Nov. 16, 2023, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies.

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Stocks That Hit 52-Week Highs On Thursday

NorthEast Community Bancorp, Inc. - Common Stock

NorthEast Community Bancorp Inc

NorthEast Community Bancorp, Inc. (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) 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.&nbsp;&nbsp; &nbsp;
"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."

Dividends

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

Monday marks the last chance for investors to receive the next dividend payout from NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 6 cents per share. On Tuesday, NorthEast Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own NECB as of the end of Monday's session are eligible to receive the 6 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 05, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/NECB">Track real-time stock fluctuations for NorthEast Community on Benzinga.</a>

NorthEast Community: Dividend Insights

As of Nov. 16, 2023, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Velocity Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vel#NYSE">VEL</a>)</h3>
<ul>
<li>Velocity Financial posted upbeat quarterly results. &quot;Velocity&rsquo;s differentiated business model and portfolio management strategies delivered another strong quarter for shareholders,&quot; said Chris Farrar, President and CEO.&quot; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/VEL">52-week high of $18.05. </a>.</li>
<li>RSI Value: 71.78</li>
<li>VEL Price Action: Shares of Velocity Financial fell 14.1% to close at $15.29 on Wednesday.</li>
</ul>
<h3>MoneyLion Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ml#NYSE">ML</a>)</h3>
<ul>
<li>MoneyLion posted downbeat third-quarter sales. &quot;MoneyLion had another record quarter in Q3 2023, demonstrating the strength and resilience of our business model,&quot; said Dee Choubey, MoneyLion&rsquo;s co-founder and Chief Executive Officer. The company&rsquo;s <a href="https://www.benzinga.com/quote/ML"> stock has a 52-week high </a> of $35.36.</li>
<li>RSI Value: 70.86</li>
<li>ML Price Action: Shares of MoneyLion fell 7.6% to close at $32.07 on Wednesday.</li>
</ul>
<h3>Arrow Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arow#NASDAQ">AROW</a>)</h3>
<ul>
<li>Arrow Financial posted upbeat third-quarter earnings. Arrow President and CEO David S. DeMarco said, &quot;This quarter, we continued to experience substantial loan growth with asset and deposit balances at or near record highs. We also continued our pattern of issuing cash and stock dividends, underscoring our dedication to creating value for our shareholders.&quot; The company has a <a href="https://www.benzinga.com/quote/AROW"> 52-week high </a> of $36.51.</li>
<li>RSI Value: 76.52</li>
<li>AROW Price Action: Shares of Arrow Financial fell 3.1% to close at $24.44 on Wednesday.</li>
</ul>
<h3>Northeast Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/necb#NASDAQ">NECB</a>)</h3>
<ul>
<li>NorthEast Community Bancorp reported better-than-expected third-quarter sales results. Kenneth A. Martinek, NorthEast Community Bancorp&rsquo;s Chairman of the Board and Chief Executive Officer said, &ldquo;We are pleased to report another quarter of strong earnings due to the strong performance of our loan portfolio.&rdquo; The company&rsquo;s 52-week high is $17.31.</li>
<li>RSI Value: 73.42</li>
<li>NECB Price Action: Shares of Northeast Community Bancorp fell 2.5% to close at $16.88 on Wednesday.</li>
</ul>
<h3>Camden National Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cac#NYSE">CAC</a>)</h3>
<ul>
<li>Camden National posted downbeat third-quarter results. The continued strength of our capital and operating earnings allowed us to execute an investment restructure strategy that repositions us for the future, while still reporting positive quarterly earnings,&quot; said Gregory A. Dufour, President and Chief Executive Officer. The company <a href="https://www.benzinga.com/quote/CAC"> has a 52-week high </a> of $43.88.</li>
<li>RSI Value: 74.06</li>
<li>CAC Price Action: Shares of Camden National fell 1.8% to settle at $34.61 on Wednesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35820440/walmart-alibaba-and-3-stocks-to-watch-heading-into-thursday"> Walmart, Alibaba And 3 Stocks To Watch Heading Into Thursday </a>

Earnings

Earnings Beats

NorthEast Community Bancorp Q3 Revenue $25.35M Beats $23.735M Estimates

NorthEast Community Bancorp Q3 2023 EPS $0.80 Up From $0.49 YoY

Wednesday marks the last chance for investors to receive the next dividend payout from NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 6 cents per share. On Thursday, NorthEast Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own NECB as of the end of Wednesday's session are eligible to receive the 6 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 08, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

NorthEast Community's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Friday marks the last chance for investors to receive the next dividend payout from NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 6 cents per share. On Monday, NorthEast Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own NECB as of the end of Friday's session are eligible to receive the 6 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 04, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Northeast Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/necb#NASDAQ">NECB</a>)</h3>
<ul>
<li>NorthEast Community Bancorp announced second stock repurchase program of up to 1.509 million shares. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/NECB">52-week high of $15.99 </a>.</li>
<li>RSI Value: 70.01</li>
<li>NECB Price Action: Shares of Northeast Community Bancorp fell 4.1% to close at $14.39 on Tuesday.</li>
</ul>
<h3>Artisan Partners Asset Management Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apam#NYSE">APAM</a>)</h3>
<ul>
<li>Artisan Partners Asset posted upbeat quarterly results. The company&rsquo;s <a href="https://www.benzinga.com/quote/APAM"> stock has a 52-week high </a> of $40.68.</li>
<li>RSI Value: 71.28</li>
<li>APAM Price Action: Shares of Artisan Partners Asset Management fell 2.6% to close at $37.91 on Tuesday.</li>
</ul>
<h3>LendingClub Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lc#NYSE">LC</a>)</h3>
<ul>
<li>Jefferies analyst John Hecht initiated coverage on LendingClub with a Buy rating and announced a price target of $13.5. The company has a <a href="https://www.benzinga.com/quote/LC"> 52-week high </a> of $15.79.</li>
<li>RSI Value: 80.24</li>
<li>LC Price Action: Shares of LendingClub rose 2.2% to close at $10.09 on Tuesday.</li>
</ul>
<h3>Oxbridge Re Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oxbr#NASDAQ">OXBR</a>)</h3>
<ul>
<li>For the three months ended March 31, 2023, Oxbridge Re Holdings generated net income of $142,000. &ldquo;We were pleased to generate positive performance in the first quarter of 2023 with no losses incurred,&rdquo; commented Oxbridge Re Holdings Chairman and Chief Executive Officer Jay Madhu. The company&rsquo;s 52-week high is $4.0380.</li>
<li>RSI Value: 71.49</li>
<li>OXBR Price Action: Shares of Oxbridge Re Holdings fell 2.2% to close at $1.81 on Tuesday.</li>
</ul>
<h3>Norwood Financial Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwfl#NASDAQ">NWFL</a>)</h3>
<ul>
<li>Norwood Financial posted a decline in first-quarter EPS. The company <a href="https://www.benzinga.com/quote/NWFL"> has a 52-week high </a> of $34.75.</li>
<li>RSI Value: 70.66</li>
<li>NWFL Price Action: Shares of Norwood Financial fell 2% to settle at $31.06 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/06/32941127/winnebago-industries-la-z-boy-and-3-stocks-to-watch-heading-into-wednesday"> Winnebago Industries, La-Z-Boy And 3 Stocks To Watch Heading Into Wednesday </a>

Buybacks

NorthEast Community Bancorp, Inc. Announces Second Stock Repurchase Program Of Up To 1.509M Shares

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Benzinga's Top Ratings Upgrades, Downgrades For May 8, 2023

Piper Sandler analyst Justin Crowley downgrades NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) from Overweight to Neutral and lowers the price target from $16 to $15.

Price Target

Piper Sandler Downgrades NorthEast Community to Neutral, Lowers Price Target to $15

Friday marks the last chance for investors to receive the next dividend payout from NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 6 cents per share. On Monday, NorthEast Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own NECB as of the end of Friday's session are eligible to receive the 6 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on May 08, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on NorthEast Community's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

NorthEast Community's Ex-Dividend Date Is Monday, Here's What You Need To Know

NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) reported quarterly earnings of $0.54 per share which missed the analyst consensus estimate of $0.56 by 3.57 percent. This is a 100 percent increase over earnings of $0.27 per share from the same period last year.

NorthEast Community Q4 EPS $0.54 Misses $0.56 Estimate

NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) reported quarterly earnings of $0.49 per share. This is a 880 percent increase over earnings of $0.05 per share from the same period last year.

NorthEast Community Q3 EPS $0.49 Up From $0.05 YoY

NorthEast Community Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) (the &quot;Company&quot;), the holding company for NorthEast Community Bank, today announced that the Company&#39;s Board of Directors has authorized a stock repurchase program to acquire up to 1,637,794 shares, or&nbsp;10%, of the Company&#39;s currently issued and outstanding common stock commencing on August 1, 2022. This is the Company&#39;s first repurchase program since completing its second-step conversion and related stock offering in July 2021. 
&nbsp;
The repurchase program permits shares to be repurchased in open market transactions or privately negotiated transactions, and pursuant to a trading plan in accordance with Rule 10b5-1 of the Securities and Exchange Commission. In this regard, the Board also authorized management to enter into a trading plan with Piper Sandler &amp; Co. in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the &quot;Exchange Act&quot;), to facilitate repurchases of its common stock pursuant to the above-mentioned stock repurchase program (the &quot;Rule 10b5-1 plan&quot;). The Rule 10b5-1 plan allows the Company to repurchase shares at times when they might otherwise be prevented from doing so by securities laws or because of self-imposed trading blackout periods. Under the Rule 10b5-1 plan, Piper Sandler &amp; Co. will have the authority, subject to the prices, terms and limitations set forth in the Rule 10b5-1 plan, including compliance with Rule 10b-18 of the Exchange Act, to repurchase shares on the Company&#39;s behalf.
The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The repurchase program does not obligate the Company to purchase any particular number of shares and it may be extended, modified or discontinued at any time.

NorthEast Community Bancorp Announces Stock Repurchase Program For Up To 1.637M Shares

NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) reported quarterly earnings of $0.35 per share. This is a 52.17 percent increase over earnings of $0.23 per share from the same period last year.

NorthEast Community Q2 EPS $0.35 Up From $0.23 YoY

NorthEast Community Bancorp Declares $0.18/Share Special Dividend

NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) reported quarterly earnings of $0.23 per share. This is a 15 percent increase over earnings of $0.20 per share from the same period last year.

NorthEast Community Q1 EPS $0.23 Up From $0.20 YoY

Wednesday marks the last chance for investors to receive the next dividend payout from NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of $0.06 per share. On Thursday, NorthEast Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.06 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own NECB as of the end of Wednesday's session are eligible to receive the $0.06 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on May 06, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on NorthEast Community <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

NorthEast Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NECB#NASDAQ">NECB</a>) reported quarterly earnings of $0.27 per share. This is a 22.73 percent increase over earnings of $0.22 per share from the same period last year.

NorthEast Community Q4 EPS $0.27 Up From $0.22 YoY

eHealth, Universal Insurance, Cipher Mining among financials movers

The 62 rating InvestorsObserver gives to Northeast Community Bancorp Inc (NECB)  stock puts it near the top of the Banks - Regional industry. In addition to scoring higher than 95 percent of stocks in the Banks - Regional industry, NECBâ€&#x2122;s 62 overall rating means the stock scores better than 62 percent of all stocks. NECB h

Where Does Northeast Community Bancorp Inc (NECB) Stock Fall in the Banks - Regional Field After It Has Risen 7.16% This Week?

Northeast Community Bancorp declares $0.06 dividend

On The Hunt For Quality Banks

Northeast Community Bancorp GAAP EPS of $0.82, total interest income of $37.13M

Piper Sandler analyst Justin Crowley maintained a Hold rating on Northeast Community Bancorp (NECB – Research Report) today and set a price target ...

Northeast Community Bancorp (NECB) Gets a Hold from Piper Sandler

Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside

Northeast Community Bancorp Inc (NECB) is around the top of the Banks - Regional industry according to InvestorsObserver. NECB received an overall rating of 45, which means that it scores higher than 45 percent of all stocks. Northeast Community Bancorp Inc also achieved a score of 75 in the Banks - Regional industry, putt

Where Does Northeast Community Bancorp Inc (NECB) Stock Fall in the Banks - Regional Field After It Is Lower By -2.61% This Week?

Bank Buzz: NB Bancorp Is Priced Below Liquidation Value And Insiders Are Buying

Northeast Community Bancorp raises quarterly dividend by 66.7% to  $0.10/share

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Press Releases

NorthEast Community Bancorp, Inc. Reports Results for the Three Months and Year Ended March 31, 2023

NorthEast Community Bancorp, Inc. Announces Second Stock Repurchase Program

NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2023

NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2023

NorthEast Community Bancorp, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

NorthEast Community Bancorp, Inc. Announces Date of 2024 Annual Meeting of Stockholders