Inspire Investing LLC Sells 12,023 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Inspire Investing LLC reduced its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,568 shares of the savings and loans company's stock after selling 12,023 shares during the quarter. Inspire Investing LLC owned 0.49% of Northeast Community Bancorp worth $1,677,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new stake in Northeast Community Bancorp in the 3rd quarter worth about $2,235,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 acquiring an additional 60,863 shares in the last quarter. 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 worth $4,281,000 after buying an additional 40,775 shares during the period. State Street Corp grew its position in 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 acquiring an additional 21,973 shares in the last quarter. Finally, Barclays PLC boosted its position 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 buying an additional 13,302 shares during the last quarter. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Stock Up 0.3 %

NECB traded up $0.07 during trading on Thursday, hitting $25.27. The company had a trading volume of 55,350 shares, compared to its average volume of 81,282. The company has a market cap of $354.29 million, a PE ratio of 7.02 and a beta of 0.67. Northeast Community Bancorp, Inc. has a 1-year low of $14.26 and a 1-year high of $31.72. The business has a 50-day moving average of $26.73 and a 200-day moving average of $24.80. 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 (NASDAQ:NECB - Get Free Report) last announced its quarterly 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. The company had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. As a group, analysts forecast that Northeast Community Bancorp, Inc. will post 3.57 earnings per share for the current year.

Northeast Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.37%. Northeast Community Bancorp's dividend payout ratio is 16.67%.

Insider Transactions at Northeast Community Bancorp

In other Northeast Community Bancorp news, CFO Donald S. Hom sold 3,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the transaction, the chief financial officer now directly owns 8,759 shares of the company's stock, valued at approximately $254,799.31. The trade was a 25.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $28.90, for a total transaction of $28,900.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 7,200 shares of company stock valued at $209,766 over the last three months. 4.70% of the stock is owned by corporate insiders.

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.