Arkadios Wealth Advisors Acquires New Shares in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Arkadios Wealth Advisors bought a new position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,821 shares of the savings and loans company's stock, valued at approximately $265,000. Arkadios Wealth Advisors owned 0.08% of Northeast Community Bancorp at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Northeast Community Bancorp in the 3rd quarter valued at $128,000. PDT Partners LLC purchased a new position in Northeast Community Bancorp during the third quarter worth about $207,000. Jane Street Group LLC lifted its holdings in Northeast Community Bancorp by 33.6% in the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company's stock valued at $451,000 after acquiring an additional 4,287 shares during the last quarter. Barclays PLC lifted its stake in shares of Northeast Community Bancorp by 290.9% in the 3rd quarter. Barclays PLC now owns 17,875 shares of the savings and loans company's stock valued at $473,000 after purchasing an additional 13,302 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Northeast Community Bancorp by 66.3% in the third quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company's stock valued at $537,000 after buying an additional 8,100 shares during the last quarter. Institutional investors and hedge funds own 53.25% of the company's stock.

Insider Buying and Selling at Northeast Community Bancorp

In related news, Director Charles A. Martinek sold 1,200 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now owns 75 shares of the company's stock, valued at $2,293.50. This trade represents a 94.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John F. Mckenzie sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $28.90, for a total value of $28,900.00. Following the completion of the transaction, the director now directly owns 11,792 shares in the company, valued at approximately $340,788.80. The trade was a 7.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,200 shares of company stock worth $209,766 over the last ninety days. Corporate insiders own 4.70% of the company's stock.

Northeast Community Bancorp Trading Up 0.5 %

Northeast Community Bancorp stock traded up $0.14 during trading on Friday, hitting $25.41. The company had a trading volume of 27,978 shares, compared to its average volume of 77,464. Northeast Community Bancorp, Inc. has a 1-year low of $14.26 and a 1-year high of $31.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The company's 50 day simple moving average is $26.66 and its 200-day simple moving average is $24.81. The stock has a market cap of $356.21 million, a price-to-earnings ratio of 7.06 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. As a group, analysts expect that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp's dividend payout ratio is presently 16.67%.

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.