Northeast Community Bancorp (NASDAQ:NECB) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Northeast Community Bancorp, Inc. (NASDAQ:NECB) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.50 and traded as low as $23.18. Northeast Community Bancorp shares last traded at $23.41, with a volume of 64,707 shares.

Northeast Community Bancorp Trading Up 0.6 %

The company has a market cap of $328.23 million, a price-to-earnings ratio of 6.54 and a beta of 0.67. The firm has a 50-day moving average price of $24.42 and a 200 day moving average price of $25.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

Northeast Community Bancorp (NASDAQ:NECB) last issued 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%. As a group, sell-side analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.56%. Northeast Community Bancorp’s payout ratio is 16.76%.

Insider Transactions at Northeast Community Bancorp

In related 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 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 position. The sale was disclosed in a document filed 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 stock was 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 in the company, valued at approximately $254,799.31. This trade represents a 25.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Institutional Trading of Northeast Community Bancorp

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in Northeast Community Bancorp by 342.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,479 shares of the savings and loans company’s stock valued at $61,000 after acquiring an additional 1,919 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Northeast Community Bancorp during the 4th quarter valued at $61,000. SBI Securities Co. Ltd. bought a new stake in Northeast Community Bancorp during the 4th quarter valued at $70,000. New York State Common Retirement Fund raised its stake in Northeast Community Bancorp by 45.4% during the 4th 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 acquiring an additional 1,000 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Northeast Community Bancorp during the 4th quarter valued at $78,000. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Company 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.