Segall Bryant & Hamill LLC Has $2.16 Million Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Segall Bryant & Hamill LLC cut its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,367 shares of the savings and loans company’s stock after selling 3,097 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.63% of Northeast Community Bancorp worth $2,161,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NECB. State Street Corp boosted 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 buying an additional 21,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Northeast Community Bancorp by 16.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company’s stock valued at $4,063,000 after acquiring an additional 23,524 shares in the last quarter. Quartz Partners LLC acquired a new position in Northeast Community Bancorp in the 4th quarter worth $2,205,000. Kovitz Investment Group Partners LLC bought a new position in Northeast Community Bancorp during the 3rd quarter worth about $2,235,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Northeast Community Bancorp by 11.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 74,391 shares of the savings and loans company’s stock valued at $1,820,000 after purchasing an additional 7,412 shares during the period. 53.25% of the stock is owned by institutional investors.

Northeast Community Bancorp Stock Up 1.2 %

NECB stock opened at $23.56 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $330.38 million, a P/E ratio of 6.58 and a beta of 0.67. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $31.72. The business has a 50-day moving average of $23.86 and a 200-day moving average of $25.51.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. On average, sell-side analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 3.40%. Northeast Community Bancorp’s payout ratio is 22.35%.

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.