Added to YB: 2024-02-13
Pitch date: 2024-02-11
NECB [bullish]
Northeast Community Bancorp, Inc.
+57.31%
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
$285.0M
Pitch Price
$14.82
Price Target
24.00 (+3%)
Dividend
4.92%
EV/EBITDA
N/A
P/E
6.32
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside
$NECB: Undervalued community bank at 84% TBV w/ strong balance sheet (15%+ tang cap/assets) & 0.28% NPLs; potential 50% upside if acquired at 120% proj Jun '25 TBV (~$24/sh); risks: regional econ, mgmt strategy, competition; down 10% YTD but compelling w/ conservative growth plan.
Read full article (4 min)