Algert Global LLC Buys Shares of 8,781 Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Algert Global LLC purchased a new position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,781 shares of the savings and loans company’s stock, valued at approximately $215,000. Algert Global LLC owned about 0.06% of Northeast Community Bancorp at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NECB. Barclays PLC lifted its position 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 worth $473,000 after acquiring an additional 13,302 shares in the last quarter. Franklin Resources Inc. grew its stake in Northeast Community Bancorp by 50.6% in the third quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock worth $630,000 after purchasing an additional 7,785 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Northeast Community Bancorp by 66.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company’s stock valued at $537,000 after acquiring an additional 8,100 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Northeast Community Bancorp in the 4th quarter valued at about $265,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of Northeast Community Bancorp during the fourth quarter valued at approximately $87,000. 53.25% of the stock is currently owned by institutional investors and hedge funds.

Northeast Community Bancorp Trading Up 0.9%

Shares of NASDAQ:NECB opened at $24.08 on Wednesday. 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 company’s 50-day moving average price is $22.51 and its 200 day moving average price is $24.83. The company has a market cap of $337.67 million, a PE ratio of 6.73 and a beta of 0.44. Northeast Community Bancorp, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last announced its earnings results on Monday, April 21st. The savings and loans company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. The firm had revenue of $25.26 million during the quarter, compared to analyst estimates of $25.49 million. Sell-side analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, April 7th. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 3.32%. Northeast Community Bancorp’s dividend payout ratio is currently 22.86%.

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.