Vanguard Group Inc. Cuts Stock Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Vanguard Group Inc. decreased its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 658,189 shares of the savings and loans company’s stock after selling 42,336 shares during the quarter. Vanguard Group Inc. owned approximately 4.69% of Northeast Community Bancorp worth $16,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NECB. Arkadios Wealth Advisors acquired a new stake in shares of Northeast Community Bancorp in the fourth quarter valued at $265,000. Barclays PLC grew its position in Northeast Community Bancorp by 290.9% in the 3rd quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock valued at $473,000 after buying an additional 13,302 shares during the last quarter. Franklin Resources Inc. increased its position in Northeast Community Bancorp by 50.6% during the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock worth $630,000 after purchasing an additional 7,785 shares during the period. State Street Corp increased its holdings in shares of Northeast Community Bancorp by 10.4% in the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock valued at $6,174,000 after purchasing an additional 21,973 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Northeast Community Bancorp by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company’s stock worth $537,000 after purchasing an additional 8,100 shares during the last quarter. 53.25% of the stock is owned by institutional investors and hedge funds.

Northeast Community Bancorp Price Performance

NECB stock opened at $22.09 on Friday. The stock’s 50 day moving average price is $22.74 and its 200 day moving average price is $25.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $309.77 million, a P/E ratio of 6.17 and a beta of 0.42. Northeast Community Bancorp, Inc. has a 1 year low of $14.96 and a 1 year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. On average, sell-side analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 22.35%.

Northeast Community Bancorp 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.