Barclays PLC Purchases 13,302 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Barclays PLC boosted its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 290.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,875 shares of the savings and loans company's stock after purchasing an additional 13,302 shares during the quarter. Barclays PLC owned approximately 0.13% of Northeast Community Bancorp worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Northeast Community Bancorp by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company's stock valued at $4,281,000 after acquiring an additional 40,775 shares during the period. State Street Corp boosted its holdings in Northeast Community Bancorp by 10.4% in the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock valued at $6,174,000 after purchasing an additional 21,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Northeast Community Bancorp by 74.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,589 shares of the savings and loans company's stock valued at $3,771,000 after purchasing an additional 60,863 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Northeast Community Bancorp by 1.9% in the third quarter. Segall Bryant & Hamill LLC now owns 91,464 shares of the savings and loans company's stock worth $2,419,000 after purchasing an additional 1,684 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Northeast Community Bancorp in the third quarter worth $2,235,000. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Price Performance

NASDAQ:NECB traded down $0.23 during trading hours on Friday, hitting $25.09. 49,740 shares of the company's stock traded hands, compared to its average volume of 77,389. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.72. The business's fifty day simple moving average is $27.04 and its two-hundred day simple moving average is $24.65. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $351.76 million, a P/E ratio of 6.97 and a beta of 0.67.

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

Northeast Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be paid a $0.15 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. Northeast Community Bancorp's dividend payout ratio is presently 16.67%.

Insider Transactions at Northeast Community Bancorp

In other Northeast Community Bancorp news, Director Diane B. Cavanaugh sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $28.45, for a total value of $56,900.00. Following the completion of the sale, the director now owns 4,712 shares of the company's stock, valued at $134,056.40. This represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Mckenzie sold 1,000 shares of Northeast Community Bancorp stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $28.90, for a total transaction of $28,900.00. Following the transaction, the director now directly owns 11,792 shares in the company, valued at $340,788.80. This trade represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,200 shares of company stock valued at $209,766 in the last quarter. Insiders own 4.70% of the company's stock.

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.