Barclays PLC Raises Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Barclays PLC boosted its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 290.9% during the third quarter, according to the company in its most recent disclosure 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 quarter. Barclays PLC owned about 0.13% of Northeast Community Bancorp worth $473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NECB. State Street Corp grew its stake in shares of Northeast Community Bancorp by 10.4% in the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock worth $6,174,000 after buying an additional 21,973 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Northeast Community Bancorp in the third quarter worth $2,235,000. Inspire Investing LLC purchased a new stake in shares of Northeast Community Bancorp in the third quarter worth $2,132,000. Jane Street Group LLC increased its holdings in shares of Northeast Community Bancorp by 33.6% during 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 acquiring an additional 4,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Northeast Community Bancorp by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock worth $4,281,000 after purchasing an additional 40,775 shares during the last quarter. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Performance

Shares of NECB stock opened at $25.09 on Friday. The company has a market capitalization of $351.79 million, a price-to-earnings ratio of 6.97 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. Northeast Community Bancorp, Inc. has a one year low of $14.26 and a one year high of $31.72. The company’s 50-day moving average is $27.04 and its 200 day moving average is $24.60.

Northeast Community Bancorp (NASDAQ:NECB) last posted 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. The firm had revenue of $42.53 million for the quarter, compared to analysts’ expectations of $26.53 million. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. Sell-side analysts expect that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The firm also recently announced 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 dividend yield of 2.39%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp’s payout ratio is 16.67%.

Insider Transactions at Northeast Community Bancorp

In related news, Director John F. Mckenzie sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $28.90, for a total value of $28,900.00. Following the sale, the director now owns 11,792 shares in the company, valued at approximately $340,788.80. This trade represents a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diane B. Cavanaugh sold 2,000 shares of the business’s stock in a transaction 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 sale, the director now owns 4,712 shares of the company’s stock, valued at approximately $134,056.40. This represents a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,200 shares of company stock worth $209,766 over the last quarter. 4.70% of the stock is currently owned by insiders.

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.