Northeast Community Bancorp, Inc. (NASDAQ:NECB) Shares Bought by Barclays PLC

Barclays PLC raised its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,595 shares of the savings and loans company’s stock after buying an additional 2,720 shares during the period. Barclays PLC owned approximately 0.15% of Northeast Community Bancorp worth $504,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Quartz Partners LLC bought a new stake in Northeast Community Bancorp in the fourth quarter valued at about $2,205,000. JPMorgan Chase & Co. boosted its holdings in shares of Northeast Community Bancorp by 223.5% in the 4th quarter. JPMorgan Chase & Co. now owns 65,718 shares of the savings and loans company’s stock valued at $1,607,000 after buying an additional 45,403 shares during the period. Rangeley Capital LLC bought a new position in shares of Northeast Community Bancorp during the fourth quarter valued at approximately $674,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Northeast Community Bancorp by 16.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company’s stock worth $4,063,000 after purchasing an additional 23,524 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in Northeast Community Bancorp in the fourth quarter worth $479,000. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Up 3.1 %

Northeast Community Bancorp stock opened at $23.76 on Friday. The firm has a market capitalization of $333.12 million, a P/E ratio of 6.64 and a beta of 0.44. The company has a 50-day simple moving average of $22.44 and a 200-day simple moving average of $24.93. Northeast Community Bancorp, Inc. has a one year low of $16.63 and a one year high of $31.72. 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 (NASDAQ:NECB) last issued its quarterly earnings data on Monday, April 21st. The savings and loans company reported $0.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $25.26 million during the quarter, compared to analyst estimates of $25.49 million. As a group, equities analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Monday, April 7th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.37%. 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 dividend payout ratio (DPR) is currently 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.