Jacobs Levy Equity Management Inc. Acquires 5,467 Shares of Northeast Community Bancorp Inc. $NECB

Jacobs Levy Equity Management Inc. grew its holdings in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB) by 37.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,932 shares of the savings and loans company’s stock after buying an additional 5,467 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.14% of Northeast Community Bancorp worth $467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nuveen Asset Management LLC boosted its holdings in shares of Northeast Community Bancorp by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 50,411 shares of the savings and loans company’s stock worth $1,233,000 after buying an additional 954 shares in the last quarter. Boston Partners boosted its holdings in shares of Northeast Community Bancorp by 4.0% during the 1st quarter. Boston Partners now owns 25,831 shares of the savings and loans company’s stock worth $605,000 after buying an additional 995 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Northeast Community Bancorp by 29.9% during the 4th quarter. Deutsche Bank AG now owns 7,092 shares of the savings and loans company’s stock worth $173,000 after buying an additional 1,633 shares in the last quarter. CWM LLC boosted its holdings in shares of Northeast Community Bancorp by 2,966.1% during the 1st quarter. CWM LLC now owns 1,717 shares of the savings and loans company’s stock worth $40,000 after buying an additional 1,661 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Northeast Community Bancorp during the 4th quarter worth approximately $61,000. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Price Performance

Shares of NASDAQ:NECB opened at $21.18 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.40. Northeast Community Bancorp Inc. has a twelve month low of $19.75 and a twelve month high of $31.72. The stock’s 50 day moving average is $22.18 and its 200-day moving average is $22.56. The firm has a market capitalization of $297.16 million, a price-to-earnings ratio of 6.32 and a beta of 0.47.

Northeast Community Bancorp (NASDAQ:NECB) last issued its earnings results on Thursday, July 24th. The savings and loans company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Northeast Community Bancorp had a return on equity of 14.04% and a net margin of 28.09%.The company had revenue of $25.93 million for the quarter, compared to analyst estimates of $25.96 million. Sell-side analysts forecast that Northeast Community Bancorp Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, October 6th. Stockholders of record on Monday, September 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 8th. Northeast Community Bancorp’s dividend payout ratio is presently 23.88%.

About Northeast Community Bancorp

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.