Virtu Financial LLC Takes $264,000 Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Virtu Financial LLC bought a new position in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,798 shares of the savings and loans company's stock, valued at approximately $264,000. Virtu Financial LLC owned about 0.08% of Northeast Community Bancorp at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NECB. Arkadios Wealth Advisors bought a new stake in shares of Northeast Community Bancorp during the fourth quarter valued at about $265,000. Barclays PLC grew its position in Northeast Community Bancorp by 290.9% in the 3rd quarter. Barclays PLC now owns 17,875 shares of the savings and loans company's stock valued at $473,000 after buying an additional 13,302 shares in the last quarter. Franklin Resources Inc. increased its stake in Northeast Community Bancorp by 50.6% during the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company's stock valued at $630,000 after buying an additional 7,785 shares during the period. State Street Corp raised its position in shares of Northeast Community Bancorp by 10.4% during the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock worth $6,174,000 after buying an additional 21,973 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Northeast Community Bancorp by 66.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company's stock worth $537,000 after acquiring an additional 8,100 shares during the period. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Price Performance

Shares of Northeast Community Bancorp stock traded up $0.15 on Wednesday, hitting $23.83. The company had a trading volume of 48,703 shares, compared to its average volume of 57,304. Northeast Community Bancorp, Inc. has a 52 week low of $14.84 and a 52 week high of $31.72. 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 company has a market cap of $334.17 million, a PE ratio of 6.66 and a beta of 0.67. The business has a 50-day simple moving average of $23.73 and a 200-day simple moving average of $25.58.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. Research analysts expect that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders 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 yield of 3.36%. 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 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.