Jacobs Levy Equity Management Inc. Buys New Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Jacobs Levy Equity Management Inc. bought a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,465 shares of the savings and loans company’s stock, valued at approximately $354,000. Jacobs Levy Equity Management Inc. owned approximately 0.10% of Northeast Community Bancorp as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in Northeast Community Bancorp by 10.4% during the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock worth $130,000 after purchasing an additional 500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Northeast Community Bancorp by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 35,319 shares of the savings and loans company’s stock worth $864,000 after purchasing an additional 700 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Northeast Community Bancorp by 0.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 117,456 shares of the savings and loans company’s stock worth $2,873,000 after purchasing an additional 708 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Northeast Community Bancorp by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company’s stock worth $78,000 after purchasing an additional 1,000 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Northeast Community Bancorp by 1.8% during the fourth quarter. First Trust Advisors LP now owns 56,439 shares of the savings and loans company’s stock worth $1,380,000 after purchasing an additional 1,011 shares in the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Down 1.2%

NECB stock opened at $23.50 on Friday. 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, Inc. has a twelve month low of $16.63 and a twelve month high of $31.72. The company’s 50 day moving average is $22.61 and its two-hundred day moving average is $24.76. The stock has a market cap of $329.54 million, a P/E ratio of 6.56 and a beta of 0.44.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings data on Monday, April 21st. The savings and loans company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. The company had revenue of $25.26 million for the quarter, compared to analysts’ expectations of $25.49 million. Research analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th were given a dividend of $0.20 per share. The ex-dividend date was Monday, April 7th. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.40%. Northeast Community Bancorp’s dividend payout ratio (DPR) is 22.86%.

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.