Donald S. Hom Sells 1,000 Shares of Northeast Community Bancorp Inc. (NASDAQ:NECB) Stock

Northeast Community Bancorp Inc. (NASDAQ:NECB) CFO Donald S. Hom sold 1,000 shares of Northeast Community Bancorp stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $22.05, for a total value of $22,050.00. Following the completion of the transaction, the chief financial officer directly owned 7,759 shares in the company, valued at $171,085.95. This represents a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Northeast Community Bancorp Price Performance

NECB stock opened at $21.52 on Friday. Northeast Community Bancorp Inc. has a one year low of $19.75 and a one year high of $31.72. The firm has a 50-day moving average of $22.58 and a two-hundred day moving average of $22.86. The firm has a market capitalization of $301.93 million, a PE ratio of 6.42 and a beta of 0.45. The company has a current ratio of 1.25, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.82 EPS for the quarter, beating 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 business had revenue of $25.93 million during the quarter, compared to the consensus estimate of $25.96 million. On average, analysts forecast that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Northeast Community Bancorp

Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Northeast Community Bancorp by 46.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,459 shares of the savings and loans company’s stock valued at $80,000 after acquiring an additional 1,102 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Northeast Community Bancorp by 5.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 128,849 shares of the savings and loans company’s stock valued at $2,995,000 after acquiring an additional 6,652 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in Northeast Community Bancorp during the 2nd quarter valued at about $231,000. Black Maple Capital Management LP grew its stake in Northeast Community Bancorp by 11.1% during the 2nd quarter. Black Maple Capital Management LP now owns 65,747 shares of the savings and loans company’s stock valued at $1,528,000 after acquiring an additional 6,565 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Northeast Community Bancorp by 7.1% during the 2nd quarter. Bank of America Corp DE now owns 20,860 shares of the savings and loans company’s stock valued at $485,000 after acquiring an additional 1,390 shares in the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

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.