Connor Clark & Lunn Investment Management Ltd. Acquires 60,863 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 74.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,589 shares of the savings and loans company's stock after purchasing an additional 60,863 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.02% of Northeast Community Bancorp worth $3,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Northeast Community Bancorp by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company's stock worth $10,473,000 after acquiring an additional 33,703 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 valued at $4,281,000 after purchasing an additional 40,775 shares in the last quarter. Acadian Asset Management LLC lifted 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 purchasing an additional 4,554 shares during the last quarter. LSV Asset Management grew its stake in Northeast Community Bancorp by 41.1% in the 2nd quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company's stock worth $2,605,000 after buying an additional 42,582 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in shares of Northeast Community Bancorp by 1.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 91,464 shares of the savings and loans company's stock worth $2,419,000 after buying an additional 1,684 shares during the last quarter. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Price Performance

Shares of NASDAQ NECB traded up $0.72 during mid-day trading on Friday, reaching $30.12. 37,388 shares of the company were exchanged, compared to its average volume of 72,354. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.48. The company's 50 day moving average price is $26.81 and its 200 day moving average price is $22.10. The stock has a market capitalization of $422.31 million, a PE ratio of 8.37 and a beta of 0.59. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $42.53 million during the quarter, compared to analysts' expectations of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. Sell-side analysts forecast that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from Northeast Community Bancorp's previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a dividend yield of 3.98%. Northeast Community Bancorp's dividend payout ratio (DPR) is 16.67%.

Insider Activity

In other news, Director John F. Mckenzie sold 1,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the completion of the sale, the director now owns 11,792 shares of the company's stock, valued at approximately $340,788.80. The trade was a 7.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.70% of the stock is owned by corporate insiders.

Northeast Community Bancorp 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.