Martingale Asset Management L P Has $863,000 Stock Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Martingale Asset Management L P increased its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,620 shares of the savings and loans company’s stock after buying an additional 5,600 shares during the period. Martingale Asset Management L P’s holdings in Northeast Community Bancorp were worth $863,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Northeast Community Bancorp by 74.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,589 shares of the savings and loans company’s stock worth $3,771,000 after acquiring an additional 60,863 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Northeast Community Bancorp by 1.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 91,464 shares of the savings and loans company’s stock worth $2,419,000 after purchasing an additional 1,684 shares during the last quarter. Empowered Funds LLC boosted its stake in Northeast Community Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company’s stock valued at $1,620,000 after purchasing an additional 3,082 shares during the period. Inspire Investing LLC bought a new stake in Northeast Community Bancorp in the 3rd quarter valued at $2,132,000. Finally, SG Americas Securities LLC acquired a new position in Northeast Community Bancorp in the 3rd quarter valued at $128,000. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Down 3.4 %

NECB opened at $29.12 on Tuesday. The stock has a fifty day moving average of $27.55 and a 200-day moving average of $22.57. The company has a market capitalization of $408.29 million, a P/E ratio of 8.09 and a beta of 0.59. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. On average, equities analysts expect that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were paid a $0.30 dividend. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, October 4th. Northeast Community Bancorp’s payout ratio is 16.67%.

Insider Buying and Selling

In other Northeast Community Bancorp news, Director John F. Mckenzie sold 1,000 shares of the firm’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 sale, the director now owns 11,792 shares of the company’s stock, valued at approximately $340,788.80. This trade represents a 7.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles A. Martinek sold 1,200 shares of Northeast Community Bancorp stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total value of $36,696.00. Following the completion of the transaction, the director now owns 75 shares in the company, valued at approximately $2,293.50. The trade was a 94.12 % decrease in their position. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by company insiders.

Northeast Community Bancorp Company Profile

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.