Northeast Community Bancorp (NASDAQ:NECB) Shares Pass Below 200-Day Moving Average - What's Next?

Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.21 and traded as low as $24.86. Northeast Community Bancorp shares last traded at $25.38, with a volume of 62,474 shares changing hands.

Northeast Community Bancorp Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $346.57 million, a P/E ratio of 6.91 and a beta of 0.67. The company's 50 day simple moving average is $25.62 and its 200 day simple moving average is $25.27.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its 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%. As a group, equities analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 3rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, January 3rd. Northeast Community Bancorp's dividend payout ratio (DPR) is currently 16.76%.

Insider Activity at Northeast Community Bancorp

In other Northeast Community Bancorp news, Director Charles A. Martinek sold 1,200 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total value of $36,696.00. Following the completion of the sale, the director now owns 75 shares in the company, valued at $2,293.50. This trade represents a 94.12 % decrease in their ownership of the stock. The sale 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 firm's 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 owns 11,792 shares of the company's stock, valued at approximately $340,788.80. This represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,200 shares of company stock valued at $209,766. Corporate insiders own 4.70% of the company's stock.

Hedge Funds Weigh In On Northeast Community Bancorp

A number of hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in Northeast Community Bancorp by 10.4% in the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock valued at $6,174,000 after buying an additional 21,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Northeast Community Bancorp by 16.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company's stock valued at $4,063,000 after buying an additional 23,524 shares in the last quarter. Segall Bryant & Hamill LLC raised its position 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 valued at $2,419,000 after buying an additional 1,684 shares in the last quarter. Quartz Partners LLC acquired a new position in Northeast Community Bancorp during the 4th quarter worth approximately $2,205,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Northeast Community Bancorp during the 3rd quarter worth approximately $2,235,000. 53.25% of the stock is owned by institutional investors.

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.