Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) Director John F. Mckenzie sold 1,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $28.90, for a total transaction of $28,900.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Northeast Community Bancorp Stock Performance
NASDAQ NECB opened at $29.64 on Wednesday. The company has a market capitalization of $415.55 million, a price-to-earnings ratio of 8.23 and a beta of 0.59. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a twelve month low of $14.26 and a twelve month high of $31.48. The stock has a fifty day simple moving average of $26.35 and a 200 day simple moving average of $21.83.
Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) 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, topping analysts' consensus estimates of $0.91 by $0.04. The company had revenue of $42.53 million during the quarter, compared to the consensus estimate of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. Sell-side analysts expect that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.
Northeast Community Bancorp Increases Dividend
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The company also recently declared 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 is a positive change 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 annualized dividend and a yield of 4.05%. Northeast Community Bancorp's dividend payout ratio (DPR) is presently 16.67%.
Institutional Investors Weigh In On Northeast Community Bancorp
A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Northeast Community Bancorp in the third quarter valued at $128,000. PDT Partners LLC acquired a new position in shares of Northeast Community Bancorp in the 3rd quarter valued at about $207,000. Jane Street Group LLC boosted its position in shares of Northeast Community Bancorp by 33.6% during the 3rd quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company's stock valued at $451,000 after purchasing an additional 4,287 shares in the last quarter. Barclays PLC lifted its stake in Northeast Community Bancorp by 290.9% in the third quarter. Barclays PLC now owns 17,875 shares of the savings and loans company's stock valued at $473,000 after buying an additional 13,302 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of Northeast Community Bancorp by 20.7% during the 3rd quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company's stock worth $863,000 after buying an additional 5,600 shares in the last quarter. 53.25% of the stock is owned by institutional investors.
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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