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 stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total value of $36,696.00. Following the completion of the transaction, the director now owns 75 shares of the company’s stock, valued at $2,293.50. The trade was a 94.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Northeast Community Bancorp Stock Performance

NASDAQ:NECB opened at $30.08 on Thursday. The firm’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $22.30. 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 stock has a market cap of $421.75 million, a PE ratio of 8.36 and a beta of 0.59. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last issued its earnings results 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 net margin of 30.47% and a return on equity of 16.63%. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Analysts expect that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were paid a $0.30 dividend. 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%. The ex-dividend date was Friday, October 4th. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Trading of Northeast Community Bancorp

A number of institutional investors have recently bought and sold shares of NECB. Franklin Resources Inc. raised its stake in shares of Northeast Community Bancorp by 50.6% during the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock worth $630,000 after buying an additional 7,785 shares during the last quarter. Barclays PLC increased its holdings in Northeast Community Bancorp by 290.9% during the 3rd quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock valued at $473,000 after acquiring an additional 13,302 shares in the last quarter. Jane Street Group LLC raised its position in Northeast Community Bancorp by 33.6% during 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 during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Northeast Community Bancorp during the third quarter worth about $2,235,000. Finally, State Street Corp lifted its holdings 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 purchasing an additional 21,973 shares in the last quarter. 53.25% of the stock is currently owned by hedge funds and other institutional investors.

Northeast Community Bancorp Company 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.