First Trust Advisors LP Purchases 1,011 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

First Trust Advisors LP boosted its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,439 shares of the savings and loans company’s stock after acquiring an additional 1,011 shares during the quarter. First Trust Advisors LP owned 0.40% of Northeast Community Bancorp worth $1,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NECB. Arkadios Wealth Advisors bought a new position in Northeast Community Bancorp in the fourth quarter valued at about $265,000. 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 in the last quarter. Barclays PLC lifted its stake 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 purchasing an additional 13,302 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Northeast Community Bancorp by 66.3% in the third quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company’s stock valued at $537,000 after buying an additional 8,100 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Northeast Community Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 64,317 shares of the savings and loans company’s stock valued at $1,573,000 after buying an additional 3,075 shares in the last quarter. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Stock Down 1.3 %

Shares of NECB opened at $23.04 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. Northeast Community Bancorp, Inc. has a 52 week low of $16.51 and a 52 week high of $31.72. The stock has a market capitalization of $323.09 million, a price-to-earnings ratio of 6.44 and a beta of 0.44. The stock has a fifty day moving average of $22.44 and a 200-day moving average of $24.98.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings results on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. The firm had revenue of $25.26 million for the quarter, compared to analyst estimates of $25.49 million. As a group, sell-side analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Monday, April 7th. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s payout ratio is 22.86%.

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.