Stilwell Value LLC Has $2.69 Million Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Stilwell Value LLC lowered its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 21.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 110,000 shares of the savings and loans company’s stock after selling 30,000 shares during the period. Northeast Community Bancorp accounts for 2.1% of Stilwell Value LLC’s holdings, making the stock its 7th biggest position. Stilwell Value LLC’s holdings in Northeast Community Bancorp were worth $2,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NECB. Arkadios Wealth Advisors purchased a new stake in shares of Northeast Community Bancorp during the 4th quarter worth $265,000. Barclays PLC increased its holdings in Northeast Community Bancorp by 290.9% in the 3rd quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock worth $473,000 after buying an additional 13,302 shares during the period. Franklin Resources Inc. raised its position in Northeast Community Bancorp by 50.6% during the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock worth $630,000 after buying an additional 7,785 shares during the last quarter. State Street Corp raised 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 buying an additional 21,973 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Northeast Community Bancorp by 66.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company’s stock valued at $537,000 after acquiring an additional 8,100 shares during the period. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Up 1.0 %

NECB stock opened at $22.09 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day simple moving average is $22.69 and its 200-day simple moving average is $25.29. Northeast Community Bancorp, Inc. has a 12 month low of $15.29 and a 12 month high of $31.72. The company has a market capitalization of $309.77 million, a P/E ratio of 6.17 and a beta of 0.42.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly 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 net margin of 29.36% and a return on equity of 15.96%. As a group, equities research analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.62%. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 7th. Northeast Community Bancorp’s dividend payout ratio (DPR) is 22.35%.

Northeast Community Bancorp 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.