Northeast Community Bancorp (NASDAQ:NECB) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.60 and traded as high as $25.54. Northeast Community Bancorp shares last traded at $25.09, with a volume of 49,740 shares changing hands.

Northeast Community Bancorp Stock Down 0.9 %

The firm has a 50-day moving average of $27.04 and a two-hundred day moving average of $24.60. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $351.76 million, a PE ratio of 6.97 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its quarterly 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 business 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%. Equities research analysts predict that Northeast Community Bancorp, Inc. will post 3.57 earnings per share for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp's dividend payout ratio is presently 16.67%.

Insider Transactions 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 dated Thursday, December 5th. The stock was 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 $254,799.31. The trade was a 25.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John F. Mckenzie sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $28.90, for a total transaction of $28,900.00. Following the sale, the director now directly owns 11,792 shares in the company, valued at $340,788.80. This represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,200 shares of company stock worth $209,766. 4.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northeast Community Bancorp

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in shares of Northeast Community Bancorp by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 69,992 shares of the savings and loans company's stock worth $1,247,000 after buying an additional 6,169 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 worth $4,281,000 after acquiring an additional 40,775 shares during the last quarter. SG Americas Securities LLC acquired a new position in Northeast Community Bancorp during the 3rd quarter worth approximately $128,000. Inspire Investing LLC acquired a new stake in shares of Northeast Community Bancorp in the 3rd quarter valued at $2,132,000. Finally, Empowered Funds LLC lifted its position in shares of Northeast Community Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company's stock worth $1,620,000 after purchasing an additional 3,082 shares during the last quarter. Institutional investors and hedge funds own 53.25% of the company's stock.

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.