BNP Paribas Financial Markets Purchases Shares of 3,188 Northeast Community Bancorp, Inc. (NASDAQ:NECB)

BNP Paribas Financial Markets purchased a new stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,188 shares of the savings and loans company’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NECB. SG Americas Securities LLC lifted its position in Northeast Community Bancorp by 10.4% during the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock valued at $130,000 after buying an additional 500 shares in the last quarter. Empowered Funds LLC lifted its position in Northeast Community Bancorp by 5.0% during 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. Allspring Global Investments Holdings LLC lifted its position in Northeast Community Bancorp by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 74,391 shares of the savings and loans company’s stock valued at $1,820,000 after buying an additional 7,412 shares in the last quarter. New York State Common Retirement Fund lifted its position in Northeast Community Bancorp by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company’s stock valued at $78,000 after buying an additional 1,000 shares in the last quarter. Finally, Quartz Partners LLC acquired a new position in Northeast Community Bancorp during the fourth quarter valued at approximately $2,205,000. 53.25% of the stock is owned by institutional investors and hedge funds.

Northeast Community Bancorp Trading Down 1.1%

Shares of NECB stock opened at $22.70 on Monday. The firm’s 50 day moving average price is $22.63 and its two-hundred day moving average price is $24.36. Northeast Community Bancorp, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $31.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The stock has a market cap of $318.32 million, a price-to-earnings ratio of 6.34 and a beta of 0.44.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. The business had revenue of $25.26 million for the quarter, compared to analysts’ expectations of $25.49 million. On average, analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th were given a dividend of $0.20 per share. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, April 7th. Northeast Community Bancorp’s payout ratio is presently 22.86%.

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.