Alert: Positive Investment/Fundamental Signals (11/14/23)-Northeast Community Bancorp Inc (NASDAQ: NECB)


Significant positive changes in Northeast Community Bancorp Inc (NASDAQ: NECB) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Recent exceptional positive changes in investment behavior have benefitted Northeast Community Bancorp Inc (NASDAQ: NECB): the stock rose on very heavy volume, and its shorter term price trend turned up.

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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Northeast Community Bancorp has a good Appreciation Score of 75 and a very high Power Rating of 87, with the Highest Value Trend Rating the result.

Recent Price Action

Northeast Community Bancorp Inc (NASDAQ: NECB) stock enjoyed a very large increase of 5.9% on 11/14/23. The shares closed at $17.31. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.9% during the last week.

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