Northeast Community Bancorp (NASDAQ:NECB) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Northeast Community Bancorp Inc. (NASDAQ:NECB) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.81 and traded as high as $27.44. Northeast Community Bancorp shares last traded at $27.18, with a volume of 40,847 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NECB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Northeast Community Bancorp in a research note on Thursday, July 2nd. Piper Sandler raised their target price on shares of Northeast Community Bancorp from $26.50 to $29.50 and gave the stock a “neutral” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Northeast Community Bancorp Price Performance

The company has a 50-day simple moving average of $26.28 and a 200-day simple moving average of $24.81. The company has a market cap of $375.49 million, a price-to-earnings ratio of 8.71 and a beta of 0.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.17 and a current ratio of 1.17.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Friday, July 24th. The savings and loans company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). The business had revenue of $25.29 million during the quarter, compared to analyst estimates of $25.76 million. Northeast Community Bancorp had a net margin of 27.67% and a return on equity of 12.10%. As a group, research analysts predict that Northeast Community Bancorp Inc. will post 3.16 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Tuesday, July 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, July 7th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20. Northeast Community Bancorp’s dividend payout ratio (DPR) is 32.05%.

Insider Buying and Selling at Northeast Community Bancorp

In other news, CFO Donald S. Hom sold 3,000 shares of Northeast Community Bancorp stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $27.20, for a total transaction of $81,600.00. Following the completion of the transaction, the chief financial officer owned 4,714 shares of the company’s stock, valued at $128,220.80. The trade was a 38.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC purchased a new position in Northeast Community Bancorp during the first quarter worth $1,779,000. Millennium Management LLC increased its stake in shares of Northeast Community Bancorp by 261.8% during the 1st quarter. Millennium Management LLC now owns 162,916 shares of the savings and loans company’s stock valued at $3,819,000 after acquiring an additional 117,888 shares during the last quarter. Empowered Funds LLC raised its stake in Northeast Community Bancorp by 7.4% during the first quarter. Empowered Funds LLC now owns 69,058 shares of the savings and loans company’s stock worth $1,619,000 after purchasing an additional 4,741 shares during the period. Jane Street Group LLC raised its position in shares of Northeast Community Bancorp by 78.3% in the 1st quarter. Jane Street Group LLC now owns 25,696 shares of the savings and loans company’s stock worth $602,000 after buying an additional 11,286 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Northeast Community Bancorp by 4.6% in the 2nd quarter. First Trust Advisors LP now owns 58,616 shares of the savings and loans company’s stock valued at $1,363,000 after purchasing an additional 2,602 shares in the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

About Northeast Community Bancorp

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.