Charles A. Martinek Sells 1,200 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) Stock

Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Charles A. Martinek sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total value of $36,696.00. Following the completion of the sale, the director now directly owns 75 shares of the company’s stock, valued at $2,293.50. The trade was a 94.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Northeast Community Bancorp Stock Down 1.6 %

NECB opened at $30.08 on Friday. The business has a 50 day moving average price of $27.28 and a two-hundred day moving average price of $22.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $421.72 million, a PE ratio of 8.36 and a beta of 0.59. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $42.53 million during the quarter, compared to the consensus estimate of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. As a group, research analysts anticipate that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a yield of 3.99%. Northeast Community Bancorp’s dividend payout ratio is currently 16.67%.

Institutional Trading of Northeast Community Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Northeast Community Bancorp during the 3rd quarter valued at approximately $128,000. PDT Partners LLC acquired a new stake in shares of Northeast Community Bancorp in the 3rd quarter worth approximately $207,000. Jane Street Group LLC grew its holdings in shares of Northeast Community Bancorp by 33.6% in the 3rd 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 during the period. Barclays PLC grew its holdings in shares of 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 worth $473,000 after acquiring an additional 13,302 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Northeast Community Bancorp by 50.6% in the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock worth $630,000 after acquiring an additional 7,785 shares during the period. 53.25% of the stock is owned by hedge funds and other 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.