Jane Street Group LLC Has $451,000 Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Jane Street Group LLC increased its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,046 shares of the savings and loans company’s stock after buying an additional 4,287 shares during the period. Jane Street Group LLC owned 0.12% of Northeast Community Bancorp worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Northeast Community Bancorp in the third quarter valued at about $128,000. PDT Partners LLC bought a new position in Northeast Community Bancorp in the third quarter valued at about $207,000. Martingale Asset Management L P raised 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 acquiring an additional 5,600 shares in the last quarter. Sierra Summit Advisors LLC bought a new position in shares of Northeast Community Bancorp in the second quarter worth about $698,000. Finally, Empowered Funds LLC lifted its stake in Northeast Community Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company’s stock valued at $1,620,000 after purchasing an additional 3,082 shares during the last quarter. 53.25% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $28.45, for a total transaction of $56,900.00. Following the completion of the transaction, the director now owns 4,712 shares in the company, valued at approximately $134,056.40. This trade represents a 29.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $28,900.00. Following the completion of the transaction, the director now owns 11,792 shares in the company, valued at $340,788.80. This trade represents a 7.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,200 shares of company stock valued at $209,766 in the last three months. Insiders own 4.70% of the company’s stock.

Northeast Community Bancorp Stock Performance

NASDAQ NECB opened at $24.15 on Tuesday. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The stock has a market cap of $338.61 million, a PE ratio of 6.71 and a beta of 0.67. 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’s fifty day moving average price is $27.57 and its two-hundred day moving average price is $24.27.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating 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 firm had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. On average, equities analysts expect that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

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