Alliancebernstein L.P. Has $2.55 Million Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Alliancebernstein L.P. lowered its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,119 shares of the savings and loans company's stock after selling 22,897 shares during the quarter. Alliancebernstein L.P. owned 0.74% of Northeast Community Bancorp worth $2,547,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NECB. State Street Corp increased its stake in shares of Northeast Community Bancorp by 10.4% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Northeast Community Bancorp by 16.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company's stock worth $4,063,000 after purchasing an additional 23,524 shares in the last quarter. Quartz Partners LLC acquired a new stake in shares of Northeast Community Bancorp in the fourth quarter valued at approximately $2,205,000. Allspring Global Investments Holdings LLC raised its position in Northeast Community Bancorp by 11.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 74,391 shares of the savings and loans company's stock worth $1,820,000 after purchasing an additional 7,412 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 valued at $1,607,000 after buying an additional 45,403 shares during the last quarter. 53.25% of the stock is owned by institutional investors.

Northeast Community Bancorp Trading Up 2.2 %

Shares of NASDAQ NECB traded up $0.46 during midday trading on Tuesday, hitting $21.78. The stock had a trading volume of 38,799 shares, compared to its average volume of 58,420. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. Northeast Community Bancorp, Inc. has a fifty-two week low of $15.31 and a fifty-two week high of $31.72. The firm has a market cap of $305.42 million, a P/E ratio of 6.08 and a beta of 0.42. The company's 50-day simple moving average is $22.58 and its 200 day simple moving average is $25.24.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The firm had revenue of $25.26 million during the quarter, compared to analyst estimates of $25.49 million. 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 EPS 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. Shareholders of record on Monday, April 7th will be given a dividend of $0.20 per share. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. Northeast Community Bancorp's payout ratio is presently 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.