NorthEast Community Bancorp Inc. (NECB, Financial) experienced significant stock movement, with its shares rising by 5%. The stock is currently priced at $26.88 per share, with a trading volume of 42,001 shares, reflecting a turnover rate of 0.30% and a fluctuation range of 4.49%.
Recent financial reports highlight that NECB achieved a revenue of $40.96 million and a net profit of $12.80 million, translating to earnings per share of $0.98. The price-to-earnings ratio stands at 7.48. Currently, there are no institutional ratings available for NECB, with no recommendations to buy, hold, or sell.
Within the banking sector, where NECB operates, the overall growth was 1.74%. Other noted performers in the sector included Carver Bancorp, Hanmi Financial, and Citizens Financial Services, Inc. Carver Bancorp was particularly active with a turnover rate of 3.67% and a price fluctuation of 22.07%.
NorthEast Community Bancorp is a community-oriented financial institution operating primarily in the northeastern United States, offering a range of banking products and services such as mobile banking, commercial real estate loans, and financial planning services.
