Recent meaningful positive changes in investment behavior have benefitted Northeast Community Bancorp Inc (NASDAQ: NECB): positive upside/downside volume developed.
Meaningful positive changes in fundamentals have recently occurred for Northeast Community Bancorp Inc (NASDAQ: NECB): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NECB is expected to be a Value Builder.
Northeast Community Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northeast Community Bancorp has a good Appreciation Score of 75 and a very high Power Rating of 94, leading to the Highest Value Trend Rating.
Recent Price Action
On 12/8/23, Northeast Community Bancorp Inc (NASDAQ: NECB) stock was unchanged 0.0%, closing at $17.17. However, below average trading volume at 70% of normal accompanied the flat performance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.4% during the last week.
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