Vanguard Group Inc. Sells 42,336 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Vanguard Group Inc. lessened its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,189 shares of the savings and loans company's stock after selling 42,336 shares during the quarter. Vanguard Group Inc. owned about 4.69% of Northeast Community Bancorp worth $16,099,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NECB. State Street Corp increased its position in Northeast Community Bancorp by 10.4% during the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock valued at $6,174,000 after acquiring an additional 21,973 shares during the last quarter. Jane Street Group LLC increased 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 valued at $451,000 after acquiring an additional 4,287 shares during the last quarter. Barclays PLC increased its position in Northeast Community Bancorp by 290.9% during the third quarter. Barclays PLC now owns 17,875 shares of the savings and loans company's stock valued at $473,000 after acquiring an additional 13,302 shares during the last quarter. Franklin Resources Inc. increased its position in Northeast Community Bancorp by 50.6% during the third quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company's stock valued at $630,000 after acquiring an additional 7,785 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Northeast Community Bancorp by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company's stock valued at $537,000 after acquiring an additional 8,100 shares during the last quarter. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Trading Up 2.6 %

NECB stock traded up $0.57 during mid-day trading on Wednesday, reaching $22.35. 821 shares of the stock traded hands, compared to its average volume of 56,297. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. Northeast Community Bancorp, Inc. has a one year low of $15.31 and a one year high of $31.72. The stock has a market capitalization of $313.41 million, a PE ratio of 6.24 and a beta of 0.42. The business has a 50-day moving average price of $22.58 and a two-hundred day moving average price of $25.24.

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 firm had revenue of $25.26 million for the quarter, compared to analysts' expectations of $25.49 million. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. Equities research analysts expect that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.58%. Northeast Community Bancorp's dividend payout ratio is presently 22.35%.

Northeast Community Bancorp 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.