Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Sells 1,000 Shares

Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director John F. Mckenzie sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the transaction, the director now directly owns 11,792 shares in the company, valued at approximately $340,788.80. This represents a 7.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Northeast Community Bancorp Trading Up 1.8 %

NASDAQ:NECB traded up $0.52 during mid-day trading on Tuesday, hitting $29.64. The company had a trading volume of 56,715 shares, compared to its average volume of 53,776. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $415.55 million, a P/E ratio of 8.21 and a beta of 0.59. The business’s fifty day moving average is $26.20 and its two-hundred day moving average is $21.74. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.48.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $42.53 million during the quarter, compared to analysts’ expectations of $26.53 million. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. As a group, research analysts expect that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, October 4th. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.10. Northeast Community Bancorp’s dividend payout ratio is 16.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Northeast Community Bancorp by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company’s stock valued at $10,473,000 after purchasing an additional 33,703 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Northeast Community Bancorp by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock worth $4,281,000 after acquiring an additional 40,775 shares during the last quarter. State Street Corp raised its position in Northeast Community Bancorp by 10.4% in the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock valued at $6,174,000 after purchasing an additional 21,973 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Northeast Community Bancorp by 3.0% during the second quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock valued at $2,774,000 after purchasing an additional 4,554 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Northeast Community Bancorp by 41.1% during the second quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock worth $2,605,000 after purchasing an additional 42,582 shares during the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

About Northeast Community Bancorp

Northeast Community Bancorp, Inc operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits.