Kovitz Investment Group Partners LLC Acquires Shares of 84,500 Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Kovitz Investment Group Partners LLC bought a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,500 shares of the savings and loans company's stock, valued at approximately $2,235,000. Kovitz Investment Group Partners LLC owned about 0.60% of Northeast Community Bancorp as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC boosted its position in Northeast Community Bancorp by 1.9% during the third quarter. Segall Bryant & Hamill LLC now owns 91,464 shares of the savings and loans company's stock valued at $2,419,000 after buying an additional 1,684 shares during the period. Empowered Funds LLC boosted its position in Northeast Community Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company's stock valued at $1,620,000 after buying an additional 3,082 shares during the period. Acadian Asset Management LLC boosted its position in Northeast Community Bancorp by 3.0% during the second quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company's stock valued at $2,774,000 after buying an additional 4,554 shares during the period. SG Americas Securities LLC purchased a new stake in Northeast Community Bancorp during the third quarter valued at about $128,000. Finally, Martingale Asset Management L P boosted its position in Northeast Community Bancorp by 20.7% during the third quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company's stock valued at $863,000 after buying an additional 5,600 shares during the period. Institutional investors own 53.25% of the company's stock.

Insider Buying and Selling at Northeast Community Bancorp

In other Northeast Community Bancorp news, CFO Donald S. Hom sold 3,000 shares of Northeast Community Bancorp stock in a transaction that occurred on 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 sale, the chief financial officer now owns 8,759 shares of the company's stock, valued at approximately $254,799.31. The trade was a 25.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the director now directly owns 11,792 shares of the company's stock, valued at approximately $340,788.80. This trade represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,200 shares of company stock valued at $152,866. Corporate insiders own 4.70% of the company's stock.

Northeast Community Bancorp Trading Up 2.9 %

NASDAQ NECB traded up $0.80 during trading on Tuesday, hitting $28.37. 63,718 shares of the company's stock traded hands, compared to its average volume of 53,967. The stock has a fifty day moving average of $27.94 and a two-hundred day moving average of $23.05. 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, Inc. has a 12-month low of $14.26 and a 12-month high of $31.72. The firm has a market cap of $397.78 million, a P/E ratio of 7.66 and a beta of 0.63.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share 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 net margin of 30.47% and a return on equity of 16.63%. As a group, sell-side analysts expect that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were issued a $0.30 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a yield of 4.23%. Northeast Community Bancorp's dividend payout ratio (DPR) is 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.