Northeast Community Bancorp Inc. (NASDAQ:NECB) Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,517 shares of the savings and loans company’s stock after buying an additional 4,238 shares during the quarter. Bank of New York Mellon Corp’s holdings in Northeast Community Bancorp were worth $1,512,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of Northeast Community Bancorp by 342.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,479 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 1,919 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Northeast Community Bancorp during the fourth quarter valued at $61,000. BNP Paribas Financial Markets purchased a new stake in shares of Northeast Community Bancorp during the fourth quarter valued at $78,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Northeast Community Bancorp by 973.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,477 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 4,060 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Northeast Community Bancorp by 2,801.8% during the first quarter. GAMMA Investing LLC now owns 6,587 shares of the savings and loans company’s stock valued at $154,000 after purchasing an additional 6,360 shares during the last quarter. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Down 1.9%

Shares of NASDAQ NECB opened at $21.15 on Thursday. Northeast Community Bancorp Inc. has a 12 month low of $19.75 and a 12 month high of $31.72. The company has a market cap of $296.52 million, a price-to-earnings ratio of 6.31 and a beta of 0.45. The business has a fifty day simple moving average of $23.00 and a 200-day simple moving average of $23.21.

Northeast Community Bancorp (NASDAQ:NECB) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Northeast Community Bancorp had a return on equity of 14.24% and a net margin of 28.09%. The business had revenue of $25.93 million during the quarter, compared to the consensus estimate of $25.96 million. As a group, sell-side analysts expect that Northeast Community Bancorp Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, July 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.78%. The ex-dividend date is Monday, July 7th. Northeast Community Bancorp’s dividend payout ratio is currently 23.88%.

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.