Arkadios Wealth Advisors Buys New Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Arkadios Wealth Advisors purchased a new stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,821 shares of the savings and loans company’s stock, valued at approximately $265,000. Arkadios Wealth Advisors owned 0.08% of Northeast Community Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Northeast Community Bancorp during the 3rd quarter valued at about $128,000. PDT Partners LLC acquired a new stake in Northeast Community Bancorp in the third quarter valued at approximately $207,000. Jane Street Group LLC increased 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 buying an additional 4,287 shares in the last quarter. Barclays PLC raised its stake in shares of 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 buying an additional 13,302 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 buying an additional 8,100 shares in the last quarter. Hedge funds and other institutional investors own 53.25% of the company’s stock.

Insider Buying and Selling at Northeast Community Bancorp

In other news, Director Diane B. Cavanaugh sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $28.45, for a total value of $56,900.00. Following the transaction, the director now directly owns 4,712 shares of the company’s stock, valued at approximately $134,056.40. This trade represents a 29.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Donald S. Hom sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were 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 of the company’s stock, valued at approximately $254,799.31. This represents a 25.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,200 shares of company stock valued at $209,766 over the last quarter. 4.70% of the stock is currently owned by insiders.

Northeast Community Bancorp Price Performance

Northeast Community Bancorp stock opened at $25.27 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 company’s fifty day moving average price is $26.66 and its 200 day moving average price is $24.81. The stock has a market capitalization of $354.29 million, a P/E ratio of 7.02 and a beta of 0.67. Northeast Community Bancorp, Inc. has a 1 year low of $14.26 and a 1 year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. The business had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. As a group, equities research analysts anticipate that Northeast Community Bancorp, Inc. will post 3.57 earnings per share for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.60 annualized dividend and a yield of 2.37%. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 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.