EAM Investors LLC Cuts Stock Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

EAM Investors LLC reduced its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,430 shares of the savings and loans company's stock after selling 15,867 shares during the quarter. EAM Investors LLC owned approximately 0.19% of Northeast Community Bancorp worth $646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NECB. Russell Investments Group Ltd. boosted its position in shares of Northeast Community Bancorp by 342.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,479 shares of the savings and loans company's stock valued at $61,000 after acquiring an additional 1,919 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Northeast Community Bancorp during the 4th quarter worth approximately $70,000. New York State Common Retirement Fund raised its position in shares of Northeast Community Bancorp by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company's stock valued at $78,000 after buying an additional 1,000 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in Northeast Community Bancorp in the fourth quarter valued at approximately $87,000. Finally, SG Americas Securities LLC grew its position in Northeast Community Bancorp by 10.4% in the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company's stock worth $130,000 after acquiring an additional 500 shares during the period. 53.25% of the stock is owned by institutional investors and hedge funds.

Northeast Community Bancorp Trading Up 0.6 %

NECB stock traded up $0.13 during midday trading on Wednesday, hitting $21.91. 6,257 shares of the company's stock were exchanged, compared to its average volume of 58,213. Northeast Community Bancorp, Inc. has a 1-year low of $15.31 and a 1-year high of $31.72. The business has a 50-day simple moving average of $22.58 and a two-hundred day simple moving average of $25.24. The stock has a market capitalization of $307.24 million, a PE ratio of 6.12 and a beta of 0.42. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The savings and loans company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. The firm had revenue of $25.26 million for the quarter, compared to analyst estimates of $25.49 million. On average, sell-side analysts predict that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be issued a $0.20 dividend. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, April 7th. Northeast Community Bancorp's dividend payout ratio is currently 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.