Northeast Community Bancorp, Inc. (NASDAQ:NECB) CFO Donald S. Hom Sells 3,000 Shares

Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) CFO Donald S. Hom sold 3,000 shares of the firm'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 transaction, the chief financial officer now directly owns 8,759 shares in the company, valued at approximately $254,799.31. This represents a 25.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Northeast Community Bancorp Price Performance

NASDAQ NECB traded down $0.05 on Friday, reaching $28.83. 51,309 shares of the company's stock traded hands, compared to its average volume of 53,882. The stock has a market cap of $404.23 million, a PE ratio of 8.02 and a beta of 0.63. Northeast Community Bancorp, Inc. has a 12 month low of $14.26 and a 12 month high of $31.72. The stock has a 50-day simple moving average of $27.87 and a 200 day simple moving average of $22.82. 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 released its earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $42.53 million for 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, research analysts predict that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.10. Northeast Community Bancorp's payout ratio is 16.67%.

Hedge Funds Weigh In On Northeast Community Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Northeast Community Bancorp by 5.3% during the first quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company's stock valued at $10,473,000 after purchasing an additional 33,703 shares during the period. Inspire Investing LLC purchased a new stake in Northeast Community Bancorp during the 3rd quarter valued at $2,132,000. Sierra Summit Advisors LLC purchased a new position in shares of Northeast Community Bancorp in the second quarter valued at about $698,000. Dimensional Fund Advisors LP raised its stake in shares of Northeast Community Bancorp by 20.4% during 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 last quarter. Finally, LSV Asset Management boosted its holdings in shares of Northeast Community Bancorp by 41.1% during the second quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company's stock worth $2,605,000 after purchasing an additional 42,582 shares during the period. 53.25% of the stock is currently owned by institutional investors.

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.

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