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

Northeast Community Bancorp, Inc. (NASDAQ:NECB) 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 transaction, the director now owns 11,792 shares in the company, valued at approximately $340,788.80. This trade represents a 7.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Northeast Community Bancorp Stock Performance

NECB opened at $29.64 on Wednesday. Northeast Community Bancorp, Inc. has a 52-week low of $14.26 and a 52-week high of $31.48. The business’s fifty day moving average is $26.35 and its 200-day moving average is $21.83. 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 8.23 and a beta of 0.59.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Sell-side analysts expect that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

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

Institutional Investors Weigh In On Northeast Community Bancorp

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Northeast Community Bancorp by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company’s stock worth $10,473,000 after buying an additional 33,703 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $4,281,000 after purchasing an additional 40,775 shares during the last quarter. State Street Corp increased its position in Northeast Community Bancorp by 10.4% during the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock worth $6,174,000 after purchasing an additional 21,973 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. Finally, LSV Asset Management grew its stake 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 during the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

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.