Insider Selling: Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Sells 1,200 Shares of Stock

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

Northeast Community Bancorp Stock Performance

Shares of NECB stock traded down $0.53 during mid-day trading on Wednesday, hitting $30.03. The stock had a trading volume of 47,444 shares, compared to its average volume of 53,866. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The company’s 50-day simple moving average is $27.13 and its 200-day simple moving average is $22.30. The firm has a market cap of $421.02 million, a PE ratio of 8.37 and a beta of 0.59. 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 released its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping 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 business had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Sell-side analysts anticipate that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently declared 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. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Friday, October 4th. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 16.67%.

Institutional Investors Weigh In On Northeast Community Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in NECB. Vanguard Group Inc. lifted its stake in shares of Northeast Community Bancorp by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company’s stock valued at $10,473,000 after purchasing an additional 33,703 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 valued at $4,281,000 after acquiring an additional 40,775 shares in the last quarter. State Street Corp boosted its stake in Northeast Community Bancorp by 10.4% during the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock valued at $6,174,000 after acquiring an additional 21,973 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Northeast Community Bancorp by 3.0% in the 2nd quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock worth $2,774,000 after purchasing an additional 4,554 shares during the last quarter. Finally, LSV Asset Management increased its holdings in 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 valued at $2,605,000 after buying an additional 42,582 shares during the last quarter. Hedge funds and other institutional investors own 53.25% of the company’s stock.

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.