Arkadios Wealth Advisors Acquires 9,588 Shares of Northeast Community Bancorp Inc. $NECB

Arkadios Wealth Advisors boosted its holdings in Northeast Community Bancorp Inc. (NASDAQ:NECB) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,759 shares of the savings and loans company’s stock after buying an additional 9,588 shares during the period. Arkadios Wealth Advisors owned approximately 0.70% of Northeast Community Bancorp worth $2,272,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Northeast Community Bancorp in the 1st quarter worth approximately $502,000. Nuveen LLC bought a new position in Northeast Community Bancorp in the 1st quarter worth approximately $1,182,000. Benjamin Edwards Inc. bought a new position in Northeast Community Bancorp in the 1st quarter worth approximately $384,000. Bank of New York Mellon Corp increased its position in Northeast Community Bancorp by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 64,517 shares of the savings and loans company’s stock worth $1,512,000 after buying an additional 4,238 shares during the period. Finally, Martingale Asset Management L P increased its position in Northeast Community Bancorp by 52.1% in the 1st quarter. Martingale Asset Management L P now owns 49,651 shares of the savings and loans company’s stock worth $1,164,000 after buying an additional 17,000 shares during the period. 53.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Northeast Community Bancorp news, CFO Donald S. Hom sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $20.23, for a total value of $40,460.00. Following the sale, the chief financial officer directly owned 5,759 shares in the company, valued at $116,504.57. This represents a 25.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on NECB. Zacks Research upgraded Northeast Community Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings lowered Northeast Community Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Northeast Community Bancorp Stock Performance

Shares of NASDAQ NECB opened at $20.04 on Friday. The business has a fifty day simple moving average of $21.05 and a 200 day simple moving average of $22.08. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $281.16 million, a price-to-earnings ratio of 6.13 and a beta of 0.53. Northeast Community Bancorp Inc. has a one year low of $19.41 and a one year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings results on Thursday, October 23rd. The savings and loans company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Northeast Community Bancorp had a return on equity of 13.60% and a net margin of 27.97%.The firm had revenue of $26.95 million for the quarter, compared to analysts’ expectations of $26.80 million. Sell-side analysts expect that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, October 3rd. Northeast Community Bancorp’s dividend payout ratio is 24.46%.

About Northeast Community Bancorp

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.