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 Northeast Community Bancorp stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now directly owns 75 shares of the company’s stock, valued at $2,293.50. This represents a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Northeast Community Bancorp Trading Up 0.2 %

Shares of NECB stock opened at $30.15 on Friday. Northeast Community Bancorp, Inc. has a 12-month low of $14.26 and a 12-month high of $31.72. The company has a market capitalization of $422.70 million, a P/E ratio of 8.36 and a beta of 0.59. The firm has a 50-day moving average price of $27.42 and a 200 day moving average price of $22.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

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

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were paid a $0.30 dividend. The ex-dividend date was Friday, October 4th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.98%. Northeast Community Bancorp’s payout ratio is currently 16.67%.

Hedge Funds Weigh In On Northeast Community Bancorp

A number of institutional investors have recently modified their holdings of NECB. Kovitz Investment Group Partners LLC bought a new position in shares of Northeast Community Bancorp in the third quarter worth about $2,235,000. Inspire Investing LLC bought a new position in shares of Northeast Community Bancorp in the third quarter worth about $2,132,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Northeast Community Bancorp by 74.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,589 shares of the savings and loans company’s stock worth $3,771,000 after acquiring an additional 60,863 shares during the last quarter. LSV Asset Management raised its stake in shares of Northeast Community Bancorp by 41.1% in the second quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock worth $2,605,000 after acquiring an additional 42,582 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Northeast Community Bancorp by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock worth $4,281,000 after acquiring an additional 40,775 shares during the last quarter. 53.25% of the stock is 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.