Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in Northeast Community Bancorp Inc. (NASDAQ:NECB)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB) by 2.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 170,860 shares of the savings and loans company’s stock after purchasing an additional 4,747 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Northeast Community Bancorp were worth $4,005,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC lifted its position in shares of Northeast Community Bancorp by 2,966.1% during the 1st quarter. CWM LLC now owns 1,717 shares of the savings and loans company’s stock worth $40,000 after purchasing an additional 1,661 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 worth $61,000 after purchasing an additional 1,919 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Northeast Community Bancorp during the 4th quarter worth $61,000. BNP Paribas Financial Markets purchased a new stake in shares of Northeast Community Bancorp during the 4th quarter worth $78,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Northeast Community Bancorp by 973.6% during 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 purchasing an additional 4,060 shares during the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

Northeast Community Bancorp Price Performance

Northeast Community Bancorp stock opened at $21.90 on Thursday. The company has a fifty day simple moving average of $22.61 and a 200-day simple moving average of $22.92. Northeast Community Bancorp Inc. has a 12-month low of $19.75 and a 12-month high of $31.72. The company has a current ratio of 1.25, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $307.26 million, a P/E ratio of 6.54 and a beta of 0.45.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. Northeast Community Bancorp had a net margin of 28.09% and a return on equity of 14.04%. The firm had revenue of $25.93 million for the quarter, compared to analyst estimates of $25.96 million. Equities analysts expect that Northeast Community Bancorp Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, July 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, July 7th. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 23.88%.

About Northeast Community Bancorp

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.