SG Americas Securities LLC Invests $123,000 in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

SG Americas Securities LLC acquired a new position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,925 shares of the savings and loans company’s stock, valued at approximately $123,000.

A number of other institutional investors have also made changes to their positions in the business. Qube Research & Technologies Ltd bought a new stake in Northeast Community Bancorp during the third quarter worth $36,000. Invesco Ltd. bought a new position in shares of Northeast Community Bancorp in the third quarter worth about $220,000. Rhumbline Advisers lifted its holdings in shares of Northeast Community Bancorp by 6.5% in the third quarter. Rhumbline Advisers now owns 17,997 shares of the savings and loans company’s stock worth $266,000 after acquiring an additional 1,096 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in shares of Northeast Community Bancorp by 4.1% in the third quarter. Navellier & Associates Inc. now owns 20,979 shares of the savings and loans company’s stock worth $310,000 after acquiring an additional 818 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Northeast Community Bancorp in the 3rd quarter valued at approximately $607,000. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Up 0.8 %

Shares of NASDAQ NECB opened at $15.04 on Friday. The company has a 50 day simple moving average of $15.48 and a 200 day simple moving average of $16.15. The firm has a market cap of $211.61 million, a PE ratio of 4.79 and a beta of 0.55. Northeast Community Bancorp, Inc. has a 1 year low of $12.50 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings results on Thursday, February 1st. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. Northeast Community Bancorp had a net margin of 33.97% and a return on equity of 17.08%. The firm had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.57 million. On average, research analysts forecast that Northeast Community Bancorp, Inc. will post 2.56 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 5th will be given a dividend of $0.10 per share. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 annualized dividend and a dividend yield of 2.66%. Northeast Community Bancorp’s dividend payout ratio (DPR) is 12.74%.

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.