Northeast Community Bancorp, Inc. (NASDAQ:NECB) Shares Sold by Raffles Associates LP

Raffles Associates LP decreased its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,500 shares of the savings and loans company’s stock after selling 3,500 shares during the quarter. Northeast Community Bancorp accounts for approximately 1.7% of Raffles Associates LP’s investment portfolio, making the stock its 18th largest holding. Raffles Associates LP’s holdings in Northeast Community Bancorp were worth $1,627,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Northeast Community Bancorp by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company’s stock valued at $10,473,000 after acquiring an additional 33,703 shares during the period. Bank of New York Mellon Corp boosted its holdings in Northeast Community Bancorp by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 69,992 shares of the savings and loans company’s stock valued at $1,247,000 after purchasing an additional 6,169 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Northeast Community Bancorp by 3.0% in the second quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock valued at $2,774,000 after purchasing an additional 4,554 shares during the last quarter. LSV Asset Management grew its position in Northeast Community Bancorp by 41.1% during the 2nd quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock worth $2,605,000 after purchasing an additional 42,582 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Northeast Community Bancorp by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock valued at $4,281,000 after buying an additional 40,775 shares during the last quarter. Hedge funds and other institutional investors own 53.25% of the company’s stock.

Insider Buying and Selling at Northeast Community Bancorp

In other Northeast Community Bancorp news, Director Charles A. Martinek sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total value of $36,696.00. Following the sale, the director now directly owns 75 shares of the company’s stock, valued at approximately $2,293.50. This trade represents a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John F. Mckenzie sold 1,000 shares of the business’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 completion of the sale, the director now owns 11,792 shares of the company’s stock, valued at $340,788.80. This trade represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

Northeast Community Bancorp Stock Up 0.2 %

Shares of NECB opened at $30.15 on Friday. The company has a market capitalization of $422.70 million, a price-to-earnings ratio of 8.36 and a beta of 0.59. Northeast Community Bancorp, Inc. has a 52 week low of $14.26 and a 52 week high of $31.72. The stock’s 50-day moving average price is $27.42 and its 200-day moving average price is $22.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $42.53 million for the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. On average, sell-side analysts predict that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, October 4th. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.10. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 16.67%.

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.