State Street Corp Purchases 21,973 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

State Street Corp lifted its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,424 shares of the savings and loans company's stock after purchasing an additional 21,973 shares during the period. State Street Corp owned 1.66% of Northeast Community Bancorp worth $6,174,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NECB. SG Americas Securities LLC acquired a new position in Northeast Community Bancorp during the 3rd quarter valued at $128,000. PDT Partners LLC acquired a new position in shares of Northeast Community Bancorp during the third quarter valued at about $207,000. Sierra Summit Advisors LLC bought a new stake in shares of Northeast Community Bancorp in the second quarter valued at about $698,000. Martingale Asset Management L P grew its position in 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 worth $863,000 after buying an additional 5,600 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 valued at $1,247,000 after acquiring an additional 6,169 shares during the period. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Stock Performance

Northeast Community Bancorp stock traded down $0.59 during trading hours on Friday, hitting $24.77. The stock had a trading volume of 69,234 shares, compared to its average volume of 55,055. The company has a 50-day moving average of $27.99 and a two-hundred day moving average of $23.91. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The company has a market cap of $347.30 million, a PE ratio of 6.88 and a beta of 0.63.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. The business had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. On average, equities research analysts anticipate that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, January 3rd. Northeast Community Bancorp's payout ratio is 16.67%.

Insider Transactions at Northeast Community Bancorp

In other 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 value of $36,696.00. Following the completion of the transaction, the director now directly owns 75 shares of the company's stock, valued at approximately $2,293.50. This represents a 94.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Diane B. Cavanaugh sold 2,000 shares of the business's stock in a transaction 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 directly owns 4,712 shares in the company, valued at approximately $134,056.40. This represents a 29.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,200 shares of company stock valued at $209,766. Company insiders own 4.70% of the company's stock.

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.