Rangeley Capital LLC Takes $674,000 Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

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

Other large investors have also added to or reduced their stakes in the company. Quartz Partners LLC purchased a new position in Northeast Community Bancorp during the fourth quarter valued at $2,205,000. Kovitz Investment Group Partners LLC bought a new position in Northeast Community Bancorp during the third quarter valued at approximately $2,235,000. JPMorgan Chase & Co. increased its holdings in shares of Northeast Community Bancorp by 223.5% in the 4th 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Northeast Community Bancorp by 16.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company's stock valued at $4,063,000 after buying an additional 23,524 shares during the period. Finally, State Street Corp boosted its position in shares of Northeast Community Bancorp by 10.4% during the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock valued at $6,174,000 after buying an additional 21,973 shares during the period. Institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Stock Up 1.8 %

Shares of NECB stock traded up $0.37 on Tuesday, hitting $21.26. The stock had a trading volume of 8,885 shares, compared to its average volume of 57,736. The company has a market cap of $298.19 million, a PE ratio of 5.94 and a beta of 0.42. The business has a 50 day moving average price of $23.48 and a 200 day moving average price of $25.57. Northeast Community Bancorp, Inc. has a one year low of $14.84 and a one year high of $31.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 EPS 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%. Research analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be given a $0.20 dividend. The ex-dividend date is Monday, April 7th. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.76%. Northeast Community Bancorp's dividend payout ratio 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.