Northeast Community Bancorp, Inc. (NASDAQ:NECB) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,279 shares of the savings and loans company’s stock after purchasing an additional 1,435 shares during the period. Bank of New York Mellon Corp owned about 0.43% of Northeast Community Bancorp worth $1,474,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in Northeast Community Bancorp by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company’s stock valued at $78,000 after purchasing an additional 1,000 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in Northeast Community Bancorp in the fourth quarter valued at approximately $87,000. SG Americas Securities LLC grew its holdings in Northeast Community Bancorp by 10.4% in the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock valued at $130,000 after purchasing an additional 500 shares during the period. PDT Partners LLC acquired a new stake in Northeast Community Bancorp in the third quarter valued at approximately $207,000. Finally, Arkadios Wealth Advisors acquired a new stake in Northeast Community Bancorp in the fourth quarter valued at approximately $265,000. 53.25% of the stock is owned by institutional investors and hedge funds.

Northeast Community Bancorp Stock Performance

NASDAQ NECB opened at $23.06 on Friday. The company has a market cap of $323.37 million, a PE ratio of 6.44 and a beta of 0.67. The stock’s 50 day simple moving average is $23.96 and its 200-day simple moving average is $25.50. Northeast Community Bancorp, Inc. has a 1-year low of $14.84 and a 1-year 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.

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

Northeast Community Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s dividend payout ratio (DPR) is 16.76%.

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.