Barclays PLC Acquires 13,302 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Barclays PLC lifted its holdings in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 290.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,875 shares of the savings and loans company’s stock after purchasing an additional 13,302 shares during the period. Barclays PLC owned 0.13% of Northeast Community Bancorp worth $473,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Northeast Community Bancorp during the 3rd quarter worth about $128,000. PDT Partners LLC acquired a new position in shares of Northeast Community Bancorp in the third quarter worth approximately $207,000. Jane Street Group LLC increased its position in Northeast Community Bancorp by 33.6% during the 3rd 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. Martingale Asset Management L P increased its position in Northeast Community Bancorp by 20.7% during the 3rd quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company’s stock valued at $863,000 after purchasing an additional 5,600 shares during the period. Finally, Sierra Summit Advisors LLC acquired a new position in shares of Northeast Community Bancorp in the 2nd quarter worth approximately $698,000. Institutional investors own 53.25% of the company’s stock.

Insider Buying and Selling at Northeast Community Bancorp

In other Northeast Community Bancorp news, CFO Donald S. Hom sold 3,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the transaction, the chief financial officer now owns 8,759 shares in the company, valued at approximately $254,799.31. This represents a 25.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of Northeast Community Bancorp stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $28.90, for a total transaction of $28,900.00. Following the transaction, the director now owns 11,792 shares of the company’s stock, valued at $340,788.80. This represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,200 shares of company stock valued at $209,766. Corporate insiders own 4.70% of the company’s stock.

Northeast Community Bancorp Trading Down 1.2 %

NASDAQ:NECB opened at $24.17 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $338.89 million, a P/E ratio of 6.71 and a beta of 0.63. The firm’s fifty day moving average is $27.70 and its 200-day moving average is $24.07. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last announced its earnings results 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. The company had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. Equities analysts expect that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current year.

Northeast Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp’s payout ratio is 16.67%.

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.