LSV Asset Management Buys 15,420 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

LSV Asset Management boosted its holdings in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,273 shares of the savings and loans company's stock after acquiring an additional 15,420 shares during the quarter. LSV Asset Management owned 1.30% of Northeast Community Bancorp worth $4,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Northeast Community Bancorp by 342.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,479 shares of the savings and loans company's stock worth $61,000 after purchasing an additional 1,919 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Northeast Community Bancorp during the 4th quarter valued at $70,000. New York State Common Retirement Fund increased its stake in shares of Northeast Community Bancorp by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company's stock worth $78,000 after acquiring an additional 1,000 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Northeast Community Bancorp during the fourth quarter worth $87,000. Finally, SG Americas Securities LLC boosted its position in Northeast Community Bancorp by 10.4% during the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company's stock valued at $130,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Stock Up 1.0 %

NASDAQ NECB traded up $0.21 on Friday, reaching $22.09. The stock had a trading volume of 38,220 shares, compared to its average volume of 58,402. Northeast Community Bancorp, Inc. has a 1 year low of $15.01 and a 1 year high of $31.72. The business has a 50 day moving average price of $22.69 and a 200 day moving average price of $25.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $309.77 million, a price-to-earnings ratio of 6.17 and a beta of 0.42.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. On average, analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from Northeast Community Bancorp's previous quarterly dividend of $0.15. Northeast Community Bancorp's dividend payout ratio (DPR) 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.