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Is Northeast Community Bancorp (NECB) a Great Value Stock Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Northeast Community Bancorp (NECB - Free Report) . NECB is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 6.68. This compares to its industry's average Forward P/E of 10.33. Over the last 12 months, NECB's Forward P/E has been as high as 10.12 and as low as 6.28, with a median of 7.47.
Another valuation metric that we should highlight is NECB's P/B ratio of 0.89. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.23. Over the past 12 months, NECB's P/B has been as high as 1.41 and as low as 0.84, with a median of 1.02.
Finally, investors should note that NECB has a P/CF ratio of 6.39. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NECB's P/CF compares to its industry's average P/CF of 13.43. Over the past year, NECB's P/CF has been as high as 8.35 and as low as 5.95, with a median of 6.71.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Northeast Community Bancorp is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NECB feels like a great value stock at the moment.
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Is Northeast Community Bancorp (NECB) a Great Value Stock Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Northeast Community Bancorp (NECB - Free Report) . NECB is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 6.68. This compares to its industry's average Forward P/E of 10.33. Over the last 12 months, NECB's Forward P/E has been as high as 10.12 and as low as 6.28, with a median of 7.47.
Another valuation metric that we should highlight is NECB's P/B ratio of 0.89. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.23. Over the past 12 months, NECB's P/B has been as high as 1.41 and as low as 0.84, with a median of 1.02.
Finally, investors should note that NECB has a P/CF ratio of 6.39. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NECB's P/CF compares to its industry's average P/CF of 13.43. Over the past year, NECB's P/CF has been as high as 8.35 and as low as 5.95, with a median of 6.71.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Northeast Community Bancorp is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NECB feels like a great value stock at the moment.