Insider Selling: Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Sells 1,200 Shares of Stock

Northeast Community Bancorp, Inc. (NASDAQ:NECBGet Free Report) Director Charles A. Martinek sold 1,200 shares of the stock in a transaction on Wednesday, November 27th. The stock was 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 directly owns 75 shares of the company’s stock, valued at approximately $2,293.50. The trade was a 94.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Northeast Community Bancorp Price Performance

Shares of NECB traded down $0.53 during midday trading on Wednesday, reaching $30.03. The stock had a trading volume of 47,444 shares, compared to its average volume of 53,866. The firm’s 50 day moving average price is $27.13 and its 200-day moving average price is $22.30. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.72. The company has a market capitalization of $421.02 million, a P/E ratio of 8.37 and a beta of 0.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14.

Northeast Community Bancorp (NASDAQ:NECBGet Free Report) last released its quarterly earnings results 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. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. The business had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. On average, analysts forecast that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were given a $0.30 dividend. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. Northeast Community Bancorp’s dividend payout ratio is presently 16.67%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NECB. Vanguard Group Inc. grew 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 buying an additional 33,703 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Northeast Community Bancorp by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 69,992 shares of the savings and loans company’s stock worth $1,247,000 after acquiring an additional 6,169 shares in the last quarter. Acadian Asset Management LLC boosted its position in Northeast Community Bancorp by 3.0% in 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 buying an additional 4,554 shares in the last quarter. LSV Asset Management increased 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 buying an additional 42,582 shares in the last quarter. Finally, 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. 53.25% of the stock is owned by institutional investors and hedge funds.

About Northeast Community Bancorp

(Get Free Report)

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.

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