Northeast Community Bancorp (NASDAQ:NECB) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) 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.

Northeast Community Bancorp Stock Down 0.9 %

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 business's fifty day moving average price is $27.04 and its two-hundred day moving average price is $24.60. The stock 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 earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The firm had revenue of $42.53 million during the quarter, compared to the consensus estimate of $26.53 million. On average, equities research analysts forecast that Northeast Community Bancorp, Inc. will post 3.57 EPS 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. Investors of record on Friday, January 3rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp's dividend payout ratio is currently 16.67%.

Insider Activity

In other Northeast Community Bancorp news, Director Charles A. Martinek sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now owns 75 shares in the company, valued at approximately $2,293.50. This represents a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were 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 $340,788.80. This trade represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,200 shares of company stock valued at $209,766 in the last three months. 4.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Northeast Community Bancorp

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of Northeast Community Bancorp by 10.4% in 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 buying an additional 500 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Northeast Community Bancorp by 1.9% during 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 purchasing an additional 1,684 shares during the last quarter. Empowered Funds LLC grew its position in shares of Northeast Community Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company's stock valued at $1,620,000 after purchasing an additional 3,082 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Northeast Community Bancorp in the fourth quarter valued at approximately $87,000. Finally, Jane Street Group LLC lifted its position in Northeast Community Bancorp by 33.6% during the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company's stock worth $451,000 after buying an additional 4,287 shares in the last quarter. 53.25% of the stock is currently owned by institutional investors and hedge funds.

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.