Raffles Associates LP Invests $1.65 Million in Northeast Community Bancorp Inc. $NECB

Posted by Francis Steltz on Aug 26th, 2026

Raffles Associates LP purchased a new position in Northeast Community Bancorp Inc. (NASDAQ:NECB – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 59,500 shares of the savings and loans company’s stock, valued at approximately $1,651,000. Northeast Community Bancorp comprises about 1.5% of Raffles Associates LP’s holdings, making the stock its 19th largest holding. Raffles Associates LP owned about 0.43% of Northeast Community Bancorp at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NECB. Larson Financial Group LLC acquired a new position in Northeast Community Bancorp during the 3rd quarter worth $28,000. Russell Investments Group Ltd. raised its stake in shares of Northeast Community Bancorp by 193.8% in the 3rd 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 in the last quarter. Harbour Investments Inc. lifted its position in shares of Northeast Community Bancorp by 109.9% during the fourth quarter. Harbour Investments Inc. now owns 1,522 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 797 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Northeast Community Bancorp during the second quarter worth about $36,000. Finally, IFP Advisors Inc grew its stake in Northeast Community Bancorp by 78.4% in the third quarter. IFP Advisors Inc now owns 1,821 shares of the savings and loans company’s stock worth $38,000 after purchasing an additional 800 shares in the last quarter. 53.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NECB. Piper Sandler boosted their price objective on Northeast Community Bancorp from $26.50 to $29.50 and gave the company a “neutral” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northeast Community Bancorp in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.50.

Read Our Latest Report on NECB

Northeast Community Bancorp Stock Down 0.3%

Shares of NASDAQ:NECB opened at $26.41 on Wednesday. The company’s fifty day moving average is $26.75 and its two-hundred day moving average is $25.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Northeast Community Bancorp Inc. has a 1-year low of $19.27 and a 1-year high of $28.94. The stock has a market capitalization of $363.67 million, a price-to-earnings ratio of 8.46 and a beta of 0.36.

Northeast Community Bancorp (NASDAQ:NECB – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The savings and loans company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.04). Northeast Community Bancorp had a net margin of 27.67% and a return on equity of 12.00%. The business had revenue of $25.29 million during the quarter, compared to analyst estimates of $25.76 million. Equities analysts anticipate that Northeast Community Bancorp Inc. will post 3.16 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Tuesday, July 7th were paid a $0.25 dividend. The ex-dividend date was Tuesday, July 7th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Northeast Community Bancorp’s payout ratio is presently 32.05%.

Insider Activity at Northeast Community Bancorp

In other news, CFO Donald S. Hom sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $27.20, for a total transaction of $81,600.00. Following the completion of the transaction, the chief financial officer directly owned 4,714 shares of the company’s stock, valued at approximately $128,220.80. This represents a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.12% of the company’s stock.

Northeast Community Bancorp Company Profile

(Free Report)

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.