90,150 Shares in Northeast Community Bancorp, Inc. (NASDAQ:NECB) Acquired by Quartz Partners LLC

Quartz Partners LLC purchased a new position in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 90,150 shares of the savings and loans company's stock, valued at approximately $2,205,000. Northeast Community Bancorp comprises 1.3% of Quartz Partners LLC's holdings, making the stock its 18th largest holding. Quartz Partners LLC owned 0.64% of Northeast Community Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NECB. Empowered Funds LLC grew its position in 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 valued at $1,620,000 after purchasing an additional 3,082 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Northeast Community Bancorp by 1.9% in the third 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Northeast Community Bancorp by 74.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,589 shares of the savings and loans company's stock valued at $3,771,000 after buying an additional 60,863 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Northeast Community Bancorp by 20.7% during the third quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company's stock valued at $863,000 after acquiring an additional 5,600 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Northeast Community Bancorp during the third quarter valued at approximately $207,000. Institutional investors own 53.25% of the company's stock.

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Northeast Community Bancorp Stock Down 0.4 %

NECB stock traded down $0.09 during midday trading on Thursday, hitting $23.23. The company's stock had a trading volume of 27,322 shares, compared to its average volume of 55,401. The firm's 50-day moving average is $24.48 and its 200-day moving average is $25.42. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a 12 month low of $14.26 and a 12 month high of $31.72. The company has a market cap of $325.71 million, a PE ratio of 6.49 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its quarterly earnings data 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, equities research analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 3rd were paid a $0.15 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.58%. Northeast Community Bancorp's dividend payout ratio is presently 16.76%.

Insider Activity

In other Northeast Community Bancorp news, Director Diane B. Cavanaugh sold 2,000 shares of Northeast Community Bancorp stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $28.45, for a total value of $56,900.00. Following the completion of the sale, the director now owns 4,712 shares of the company's stock, valued at approximately $134,056.40. The trade was a 29.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Donald S. Hom sold 3,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the chief financial officer now directly owns 8,759 shares in the company, valued at $254,799.31. The trade was a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

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.