Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,113 shares of the savings and loans company's stock after acquiring an additional 23,524 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.18% of Northeast Community Bancorp worth $4,063,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Quartz Partners LLC purchased a new stake in Northeast Community Bancorp during the fourth quarter worth $2,205,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Northeast Community Bancorp during the 3rd quarter worth $2,235,000. State Street Corp boosted its position in shares of 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 worth $6,174,000 after buying an additional 21,973 shares in the last quarter. Barclays PLC grew its stake in 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 acquiring an additional 13,302 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Northeast Community Bancorp during the 4th quarter valued at about $265,000. Institutional investors and hedge funds own 53.25% of the company's stock.
Northeast Community Bancorp Price Performance
NECB remained flat at $23.41 during midday trading on Thursday. 27,567 shares of the company's stock were exchanged, compared to its average volume of 56,713. Northeast Community Bancorp, Inc. has a one year low of $14.84 and a one year high of $31.72. The firm has a market cap of $328.28 million, a PE ratio of 6.54 and a beta of 0.67. 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 company's fifty day moving average price is $23.97 and its 200-day moving average price is $25.50.
Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. As a group, analysts expect that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current fiscal year.
Northeast Community Bancorp Company Profile
(
Free Report)
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.
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