Added to YB: 2025-11-26
Pitch date: 2025-11-25
NECB [bullish]
Northeast Community Bancorp, Inc.
+16.58%
current return
Author Info
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Company Info
Northeast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses.
Market Cap
$297.3M
Pitch Price
$20.80
Price Target
22.00 (-9%)
Dividend
3.33%
EV/EBITDA
N/A
P/E
7.47
EV/Sales
N/A
Sector
Banks
Category
value
Long Northeast Community Bancorp ($NECB)
NECB: NYC construction lender, 78% floating-rate loans ($1.4B), <0.05% net charge-offs since 2009. Only 5% exposure to NYC multifamily despite election concerns. 15% annualized returns over 10yrs vs regional banks. Trading 6.2x trailing P/E, 7.3x fwd (est $2.80 EPS), 18% below $25.30 TBV. PT $21.50-$22.50.
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