Rangeley Capital LLC Makes New Investment in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Rangeley Capital LLC acquired a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,545 shares of the savings and loans company's stock, valued at approximately $674,000. Rangeley Capital LLC owned 0.20% of Northeast Community Bancorp as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in Northeast Community Bancorp by 10.4% in the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company's stock valued at $130,000 after acquiring an additional 500 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Northeast Community Bancorp by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 35,319 shares of the savings and loans company's stock valued at $864,000 after purchasing an additional 700 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Northeast Community Bancorp by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company's stock valued at $78,000 after purchasing an additional 1,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in Northeast Community Bancorp by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 60,279 shares of the savings and loans company's stock worth $1,474,000 after buying an additional 1,435 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Northeast Community Bancorp during the fourth quarter valued at $70,000. Hedge funds and other institutional investors own 53.25% of the company's stock.

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Northeast Community Bancorp Stock Performance

NECB traded down $0.08 on Monday, reaching $20.86. The stock had a trading volume of 71,523 shares, compared to its average volume of 57,837. The business's 50-day moving average price is $23.57 and its two-hundred day moving average price is $25.58. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a 12-month low of $14.84 and a 12-month high of $31.72. The company has a market cap of $292.45 million, a P/E ratio of 5.80 and a beta of 0.42.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. Sell-side analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be given a dividend of $0.20 per share. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.84%. Northeast Community Bancorp's dividend payout ratio (DPR) is 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.