Northeast Community Bancorp, Inc. (NASDAQ:NECB) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 50.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,156 shares of the savings and loans company’s stock after buying an additional 7,785 shares during the quarter. Franklin Resources Inc. owned 0.17% of Northeast Community Bancorp worth $630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NECB. Segall Bryant & Hamill LLC lifted its holdings in Northeast Community Bancorp by 1.9% in 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 purchasing an additional 1,684 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Northeast Community Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company’s stock valued at $1,620,000 after buying an additional 3,082 shares during the period. Jane Street Group LLC grew its position in shares of Northeast Community Bancorp by 33.6% in the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock valued at $451,000 after purchasing an additional 4,287 shares during the period. Acadian Asset Management LLC lifted its position in Northeast Community Bancorp by 3.0% during the second quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock worth $2,774,000 after buying an additional 4,554 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Northeast Community Bancorp in the 3rd quarter worth about $128,000. Institutional investors and hedge funds own 53.25% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Donald S. Hom sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the sale, the chief financial officer now directly owns 8,759 shares in the company, valued at approximately $254,799.31. This trade represents a 25.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the transaction, the director now directly owns 11,792 shares in the company, valued at $340,788.80. This trade represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,200 shares of company stock worth $209,766 over the last ninety days. 4.70% of the stock is owned by company insiders.

Northeast Community Bancorp Trading Down 1.0 %

NASDAQ NECB opened at $24.51 on Tuesday. The company has a market cap of $343.65 million, a P/E ratio of 6.81 and a beta of 0.63. Northeast Community Bancorp, Inc. has a 12 month low of $14.26 and a 12 month high of $31.72. 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 company has a 50-day moving average of $27.99 and a 200-day moving average of $23.96.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $26.53 million. As a group, equities analysts predict that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current year.

Northeast Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.45%. Northeast Community Bancorp’s dividend payout ratio (DPR) is 16.67%.

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.