Geneos Wealth Management Inc. Has $119,000 Stock Position in Northeast Community Bancorp Inc. $NECB

Geneos Wealth Management Inc. lifted its position in Northeast Community Bancorp Inc. (NASDAQ:NECB) by 65.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,060 shares of the savings and loans company’s stock after buying an additional 2,000 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Northeast Community Bancorp were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC lifted its stake in shares of Northeast Community Bancorp by 2,966.1% in the first 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 during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Northeast Community Bancorp in the fourth quarter worth $61,000. BNP Paribas Financial Markets acquired a new stake in shares of Northeast Community Bancorp in the fourth quarter worth $78,000. Public Employees Retirement System of Ohio grew its stake in shares of Northeast Community Bancorp by 973.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,477 shares of the savings and loans company’s stock worth $110,000 after acquiring an additional 4,060 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Northeast Community Bancorp by 2,801.8% in the first quarter. GAMMA Investing LLC now owns 6,587 shares of the savings and loans company’s stock worth $154,000 after acquiring an additional 6,360 shares during the last quarter. 53.25% of the stock is currently owned by institutional investors and hedge funds.

Northeast Community Bancorp Trading Up 0.6%

Shares of Northeast Community Bancorp stock opened at $20.80 on Thursday. The company’s fifty day simple moving average is $21.98 and its 200-day simple moving average is $22.51. The company has a market cap of $291.82 million, a price-to-earnings ratio of 6.21 and a beta of 0.47. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. Northeast Community Bancorp Inc. has a 1 year low of $19.75 and a 1 year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $25.93 million for the quarter, compared to the consensus estimate of $25.96 million. Northeast Community Bancorp had a net margin of 28.09% and a return on equity of 14.04%. As a group, sell-side analysts expect that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Dividend Announcement

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

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.