Sierra Summit Advisors LLC Has $874,000 Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Sierra Summit Advisors LLC cut its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,748 shares of the savings and loans company’s stock after selling 2,481 shares during the quarter. Sierra Summit Advisors LLC owned approximately 0.25% of Northeast Community Bancorp worth $874,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quartz Partners LLC bought a new stake in Northeast Community Bancorp in the fourth quarter valued at approximately $2,205,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Northeast Community Bancorp in the 3rd quarter worth approximately $2,235,000. JPMorgan Chase & Co. increased its position in shares of Northeast Community Bancorp by 223.5% during the fourth quarter. JPMorgan Chase & Co. now owns 65,718 shares of the savings and loans company’s stock worth $1,607,000 after buying an additional 45,403 shares during the period. Rangeley Capital LLC acquired a new stake in shares of Northeast Community Bancorp during the fourth quarter worth $674,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Northeast Community Bancorp by 16.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company’s stock worth $4,063,000 after buying an additional 23,524 shares during the last quarter. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Performance

Shares of NECB opened at $21.13 on Monday. The firm’s fifty day simple moving average is $23.57 and its two-hundred day simple moving average is $25.58. Northeast Community Bancorp, Inc. has a 12 month low of $14.84 and a 12 month high of $31.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $296.31 million, a P/E ratio of 5.90 and a beta of 0.42.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. As a group, analysts predict that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.79%. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s payout ratio is currently 22.35%.

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.