Lynch & Associates IN Has $217,000 Stock Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Lynch & Associates IN decreased its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 9.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,250 shares of the savings and loans company’s stock after selling 1,000 shares during the quarter. Lynch & Associates IN’s holdings in Northeast Community Bancorp were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Northeast Community Bancorp by 2,801.8% in the 1st quarter. GAMMA Investing LLC now owns 6,587 shares of the savings and loans company’s stock worth $154,000 after acquiring an additional 6,360 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Northeast Community Bancorp by 973.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,477 shares of the savings and loans company’s stock worth $110,000 after acquiring an additional 4,060 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Northeast Community Bancorp in the 4th quarter worth about $61,000. Nuveen Asset Management LLC lifted its stake in Northeast Community Bancorp by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 50,411 shares of the savings and loans company’s stock worth $1,233,000 after acquiring an additional 954 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Northeast Community Bancorp in the 4th quarter worth about $204,000. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Down 0.4%

Shares of Northeast Community Bancorp stock opened at $22.09 on Tuesday. The stock has a 50-day moving average price of $22.63 and a 200 day moving average price of $23.79. The company has a market cap of $309.77 million, a P/E ratio of 6.17 and a beta of 0.45. 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 1 year low of $16.63 and a 1 year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results 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 return on equity of 15.96% and a net margin of 29.36%. The company had revenue of $25.26 million during the quarter, compared to the consensus estimate of $25.49 million. As a group, analysts expect that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, April 7th. This is an increase 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 3.62%. 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.