Empowered Funds LLC Buys 3,075 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Empowered Funds LLC lifted its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,317 shares of the savings and loans company’s stock after acquiring an additional 3,075 shares during the quarter. Empowered Funds LLC owned approximately 0.46% of Northeast Community Bancorp worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NECB. SG Americas Securities LLC bought a new position in shares of Northeast Community Bancorp during the third quarter worth about $128,000. Segall Bryant & Hamill LLC raised its position in shares of Northeast Community Bancorp by 1.9% during the third quarter. Segall Bryant & Hamill LLC now owns 91,464 shares of the savings and loans company’s stock worth $2,419,000 after acquiring an additional 1,684 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Northeast Community Bancorp by 74.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,589 shares of the savings and loans company’s stock worth $3,771,000 after acquiring an additional 60,863 shares during the last quarter. Martingale Asset Management L P grew its stake in Northeast Community Bancorp by 20.7% during the third quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company’s stock worth $863,000 after purchasing an additional 5,600 shares during the period. Finally, PDT Partners LLC acquired a new stake in Northeast Community Bancorp during the third quarter worth approximately $207,000. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Trading Down 1.8 %

NASDAQ NECB opened at $23.81 on Friday. The business has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $25.31. Northeast Community Bancorp, Inc. has a one year low of $14.26 and a one year high of $31.72. The stock has a market capitalization of $333.82 million, a P/E ratio of 6.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. Research analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 3rd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.60 annualized dividend and a yield of 2.52%. Northeast Community Bancorp’s dividend payout ratio is currently 16.76%.

Insider Buying and Selling

In other Northeast Community Bancorp news, Director Diane B. Cavanaugh sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $28.45, for a total value of $56,900.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Donald S. Hom sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the sale, the chief financial officer now directly owns 8,759 shares of the company’s stock, valued at $254,799.31. This trade represents a 25.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,200 shares of company stock valued at $180,866 over the last 90 days. Company insiders own 4.70% of the company’s stock.

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.