Northeast Community Bancorp: Don't Overlook The Construction Loan Risk [Seeking Alpha]
NorthEast Community Bancorp, Inc. (NECB)
US:NASDAQ Investor Relations:
necommunitybank.com/aboutus/investorrelations.aspx
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Play 11min Summary Regional banks have rebounded in 2024 as deposit flight and commerical real estate worries have subsided. Northeast Community Bancorp stock has surged 73% in six months, and even so, shares still look cheap. NECB's heavy reliance on construction loans, comprising more than 75% of its loan book, poses significant risk, especially if the economy weakens in 2025. This is a bank stock I'd be interested in owning coming out of a recession, but I don't see the current entry point favorably. Jessie Casson Regional banks have returned to prosperity. After an exceptionally challenging 2023 for smaller banks, the sector has enjoyed a swift recovery this year. There are a variety of reasons for this, including a more favorable interest rate curve, stronger than expected performance If you enjoyed this, consider Ian's Insider Corner to enjoy access to similar initiation reports for all the new stocks that we buy. Membership a
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NECB
News
- Here's Why Northeast Community Bancorp (NASDAQ:NECB) Has Caught The Eye Of Investors [Yahoo! Finance]Yahoo! Finance
- NorthEast Community Bancorp, Inc. Announces Quarterly Cash DividendGlobeNewswire
- NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024GlobeNewswire
- Northeast Community Bancorp (NECB) to Report Q3 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
NECB
Earnings
- 10/28/24 - Beat
NECB
Sec Filings
- 12/12/24 - Form 4
- 12/6/24 - Form 4
- 11/27/24 - Form 4
- NECB's page on the SEC website