Hennessy Advisors Inc. Has $856,000 Stock Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Hennessy Advisors Inc. lowered its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the savings and loans company’s stock after selling 25,000 shares during the quarter. Hennessy Advisors Inc. owned 0.25% of Northeast Community Bancorp worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in Northeast Community Bancorp in the 3rd quarter valued at approximately $2,235,000. Inspire Investing LLC bought a new position in Northeast Community Bancorp during the 3rd quarter worth $2,132,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Northeast Community Bancorp by 74.5% during the 3rd 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 buying an additional 60,863 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Northeast Community Bancorp by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock valued at $4,281,000 after buying an additional 40,775 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Northeast Community Bancorp by 10.4% in the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock valued at $6,174,000 after buying an additional 21,973 shares during the period. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Price Performance

Northeast Community Bancorp stock opened at $25.09 on Friday. The stock’s 50 day moving average is $27.04 and its 200 day moving average is $24.65. Northeast Community Bancorp, Inc. has a one year low of $14.26 and a one year high of $31.72. The firm has a market cap of $351.76 million, a P/E ratio of 6.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $26.53 million. As a group, research analysts expect that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current year.

Northeast Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, January 3rd. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Insider Activity

In other Northeast Community Bancorp news, CFO Donald S. Hom sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the chief financial officer now directly owns 8,759 shares of the company’s stock, valued at approximately $254,799.31. The trade was a 25.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of Northeast Community Bancorp stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, valued at $340,788.80. This represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,200 shares of company stock valued at $209,766 in the last ninety days. 4.70% of the stock is owned by company insiders.

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.