Gladius Capital Management LP Makes New $31,000 Investment in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Gladius Capital Management LP purchased a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,770 shares of the savings and loans company’s stock, valued at approximately $31,000.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Northeast Community Bancorp by 11.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,485 shares of the savings and loans company’s stock worth $996,000 after acquiring an additional 7,016 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Northeast Community Bancorp in the third quarter valued at about $607,000. Navellier & Associates Inc. raised its position in Northeast Community Bancorp by 4.1% in the third quarter. Navellier & Associates Inc. now owns 20,979 shares of the savings and loans company’s stock worth $310,000 after purchasing an additional 818 shares in the last quarter. SG Americas Securities LLC bought a new stake in Northeast Community Bancorp during the fourth quarter worth about $123,000. Finally, Strs Ohio bought a new stake in shares of Northeast Community Bancorp during the fourth quarter valued at approximately $65,000. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Performance

Shares of Northeast Community Bancorp stock traded up $0.03 on Thursday, hitting $16.90. The stock had a trading volume of 27,647 shares, compared to its average volume of 47,342. The business’s 50 day moving average is $15.55 and its two-hundred day moving average is $16.27. The stock has a market cap of $237.78 million, a price-to-earnings ratio of 5.23 and a beta of 0.55. Northeast Community Bancorp, Inc. has a twelve month low of $12.69 and a twelve month high of $18.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $25.54 million for the quarter, compared to the consensus estimate of $25.72 million. Northeast Community Bancorp had a net margin of 31.94% and a return on equity of 16.95%. Analysts forecast that Northeast Community Bancorp, Inc. will post 2.56 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 5th were paid a $0.10 dividend. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.40 annualized dividend and a dividend yield of 2.37%. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 12.38%.

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.