Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Sells $28,900.00 in Stock

Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director John F. Mckenzie sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $28.90, for a total transaction of $28,900.00. Following the completion of the sale, the director now owns 11,792 shares in the company, valued at $340,788.80. This represents a 7.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Northeast Community Bancorp Stock Performance

Shares of NASDAQ:NECB traded up $0.52 during midday trading on Tuesday, reaching $29.64. The company had a trading volume of 56,715 shares, compared to its average volume of 53,776. Northeast Community Bancorp, Inc. has a 52-week low of $14.26 and a 52-week high of $31.48. The company’s 50 day moving average price is $26.20 and its 200 day moving average price is $21.74. The stock has a market cap of $415.55 million, a P/E ratio of 8.21 and a beta of 0.59. 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 (NASDAQ:NECB) last announced its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The company had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. As a group, sell-side analysts anticipate that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th were issued a $0.30 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.20 annualized dividend and a dividend yield of 4.05%. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. Northeast Community Bancorp’s payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Northeast Community Bancorp in the 3rd quarter worth approximately $128,000. PDT Partners LLC purchased a new position in Northeast Community Bancorp during the third quarter valued at $207,000. Jane Street Group LLC boosted its holdings in Northeast Community Bancorp by 33.6% in the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock worth $451,000 after acquiring an additional 4,287 shares in the last quarter. Barclays PLC grew its stake in shares of Northeast Community Bancorp by 290.9% in the third quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock worth $473,000 after acquiring an additional 13,302 shares during the last quarter. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of Northeast Community Bancorp in the second quarter worth $698,000. 53.25% of the stock is currently owned by institutional investors.

About Northeast Community Bancorp

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.