Northeast Community Bancorp (NASDAQ:NECB) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.60 and traded as high as $25.54. Northeast Community Bancorp shares last traded at $25.09, with a volume of 49,740 shares trading hands.

Northeast Community Bancorp Stock Performance

The company has a market cap of $351.79 million, a PE ratio of 6.97 and a beta of 0.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $27.04 and its two-hundred day moving average is $24.60.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The business had revenue of $42.53 million for the quarter, compared to the consensus estimate of $26.53 million. On average, equities research analysts anticipate that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current year.

Northeast Community Bancorp Cuts Dividend

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

Insider Transactions at Northeast Community Bancorp

In other news, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $28.90, for a total value of $28,900.00. Following the sale, the director now directly owns 11,792 shares in the company, valued at $340,788.80. The trade was a 7.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles A. Martinek sold 1,200 shares of Northeast Community Bancorp stock in a transaction dated 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 approximately $2,293.50. This represents a 94.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Northeast Community Bancorp

A number of institutional investors have recently bought and sold shares of NECB. Dimensional Fund Advisors LP lifted its holdings 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 worth $4,281,000 after acquiring an additional 40,775 shares during the last quarter. State Street Corp raised its position in Northeast Community Bancorp by 10.4% in the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock worth $6,174,000 after purchasing an additional 21,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 acquiring an additional 60,863 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Northeast Community Bancorp by 1.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 91,464 shares of the savings and loans company’s stock valued at $2,419,000 after acquiring an additional 1,684 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in Northeast Community Bancorp in the 3rd quarter valued at $2,235,000. 53.25% of the stock is currently owned by institutional investors.

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.