Northeast Community Bancorp (NASDAQ:NECB) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Northeast Community Bancorp Inc. (NASDAQ:NECB)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.84 and traded as low as $19.39. Northeast Community Bancorp shares last traded at $19.51, with a volume of 51,355 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NECB. Zacks Research raised shares of Northeast Community Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings cut Northeast Community Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Northeast Community Bancorp presently has a consensus rating of “Buy”.

Northeast Community Bancorp Trading Up 3.8%

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $20.33 and a 200-day moving average price of $21.81. The firm has a market capitalization of $284.25 million, a PE ratio of 6.20 and a beta of 0.56.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings data on Friday, October 24th. The savings and loans company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Northeast Community Bancorp had a return on equity of 13.43% and a net margin of 27.97%.The firm had revenue of $26.61 million for the quarter, compared to analyst estimates of $26.80 million. Analysts expect that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, October 3rd. Northeast Community Bancorp’s dividend payout ratio is presently 24.46%.

Insider Activity

In other news, CFO Donald S. Hom sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $20.23, for a total transaction of $40,460.00. Following the sale, the chief financial officer owned 5,759 shares of the company’s stock, valued at $116,504.57. The trade was a 25.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Northeast Community Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in Northeast Community Bancorp in the 3rd quarter valued at about $28,000. Russell Investments Group Ltd. grew its position in shares of Northeast Community Bancorp by 193.8% in the third quarter. Russell Investments Group Ltd. now owns 1,457 shares of the savings and loans company’s stock valued at $30,000 after purchasing an additional 961 shares during the last quarter. CWM LLC grew its position in shares of Northeast Community Bancorp by 2,966.1% in the first quarter. CWM LLC now owns 1,717 shares of the savings and loans company’s stock valued at $40,000 after purchasing an additional 1,661 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 worth $80,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Northeast Community Bancorp during the 3rd quarter worth approximately $95,000. 53.25% of the stock is owned by institutional investors and hedge funds.

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.