Rhumbline Advisers Has $435,000 Stock Holdings in Northeast Community Bancorp Inc. $NECB

Rhumbline Advisers trimmed its position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB) by 4.8% during the 1st quarter, HoldingsChannel reports. The fund owned 18,555 shares of the savings and loans company’s stock after selling 944 shares during the quarter. Rhumbline Advisers’ holdings in Northeast Community Bancorp were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NECB. Ameriprise Financial Inc. grew its position in Northeast Community Bancorp by 7.3% in the fourth quarter. Ameriprise Financial Inc. now owns 99,988 shares of the savings and loans company’s stock valued at $2,446,000 after acquiring an additional 6,774 shares during the period. BNP Paribas Financial Markets acquired a new position in Northeast Community Bancorp during the fourth quarter worth $78,000. Bank of America Corp DE raised its stake in Northeast Community Bancorp by 41.5% during the fourth quarter. Bank of America Corp DE now owns 14,448 shares of the savings and loans company’s stock worth $353,000 after acquiring an additional 4,234 shares in the last quarter. Deutsche Bank AG raised its stake in Northeast Community Bancorp by 29.9% during the fourth quarter. Deutsche Bank AG now owns 7,092 shares of the savings and loans company’s stock worth $173,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Northeast Community Bancorp by 246.9% during the fourth quarter. Millennium Management LLC now owns 45,028 shares of the savings and loans company’s stock worth $1,101,000 after acquiring an additional 32,049 shares in the last quarter. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Stock Down 1.2%

NASDAQ NECB opened at $21.22 on Wednesday. The firm has a market cap of $297.72 million, a PE ratio of 6.33 and a beta of 0.47. Northeast Community Bancorp Inc. has a one year low of $19.75 and a one year high of $31.72. The stock’s 50 day simple moving average is $21.79 and its 200 day simple moving average is $22.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.25 and a quick ratio of 1.25.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $25.93 million for the quarter, compared to analyst estimates of $25.96 million. Northeast Community Bancorp had a return on equity of 14.04% and a net margin of 28.09%. As a group, sell-side analysts forecast that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. Northeast Community Bancorp’s payout ratio is presently 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.