Stilwell Value LLC Sells 30,000 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Stilwell Value LLC lessened its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,000 shares of the savings and loans company's stock after selling 30,000 shares during the quarter. Northeast Community Bancorp accounts for 2.1% of Stilwell Value LLC's investment portfolio, making the stock its 7th biggest position. Stilwell Value LLC owned 0.78% of Northeast Community Bancorp worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of NECB. Dimensional Fund Advisors LP boosted its holdings in Northeast Community Bancorp by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 338,918 shares of the savings and loans company's stock valued at $8,290,000 after purchasing an additional 56,607 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Northeast Community Bancorp by 1.8% during the 4th quarter. First Trust Advisors LP now owns 56,439 shares of the savings and loans company's stock valued at $1,380,000 after buying an additional 1,011 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Northeast Community Bancorp during the fourth quarter worth approximately $203,000. Barclays PLC grew its position in shares of Northeast Community Bancorp by 15.2% during the fourth quarter. Barclays PLC now owns 20,595 shares of the savings and loans company's stock worth $504,000 after buying an additional 2,720 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Northeast Community Bancorp by 9.2% in the fourth quarter. LSV Asset Management now owns 182,273 shares of the savings and loans company's stock worth $4,458,000 after buying an additional 15,420 shares during the last quarter. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Stock Up 1.8 %

NASDAQ NECB traded up $0.40 during trading hours on Friday, reaching $22.68. 40,923 shares of the company traded hands, compared to its average volume of 58,545. The stock has a market capitalization of $318.04 million, a PE ratio of 6.34 and a beta of 0.42. 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 $15.41 and a 12 month high of $31.72. The company has a 50 day moving average of $22.51 and a two-hundred day moving average of $25.20.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $25.26 million during the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. As a group, equities analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Northeast Community Bancorp's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 7th. Northeast Community Bancorp's payout ratio is 22.86%.

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.