Donald S. Hom Sells 3,000 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) Stock

Northeast Community Bancorp, Inc. (NASDAQ:NECB) CFO Donald S. Hom sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the sale, the chief financial officer now owns 8,759 shares in the company, valued at approximately $254,799.31. The trade was a 25.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Northeast Community Bancorp Trading Down 0.2 %

NASDAQ:NECB opened at $28.83 on Monday. The stock has a market cap of $404.20 million, a price-to-earnings ratio of 8.01 and a beta of 0.63. The company’s 50 day moving average price is $27.92 and its 200-day moving average price is $22.98. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.72. 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 issued its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $42.53 million for the quarter, compared to the consensus estimate of $26.53 million. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were given a dividend of $0.30 per share. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, October 4th. This represents a $1.20 dividend on an annualized basis and a yield of 4.16%. Northeast Community Bancorp’s dividend payout ratio is 16.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Northeast Community Bancorp by 5.3% during the first 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 during the period. Inspire Investing LLC bought a new position in Northeast Community Bancorp in the third quarter worth approximately $2,132,000. Sierra Summit Advisors LLC bought a new position in Northeast Community Bancorp in the second quarter worth approximately $698,000. Dimensional Fund Advisors LP raised its position 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 worth $4,281,000 after acquiring an additional 40,775 shares during the period. Finally, LSV Asset Management raised its position 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 worth $2,605,000 after acquiring an additional 42,582 shares during the period. 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.