Segall Bryant & Hamill LLC Purchases 1,684 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Segall Bryant & Hamill LLC boosted its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 1.9% during the third quarter, Holdings Channel.com reports. The fund owned 91,464 shares of the savings and loans company’s stock after acquiring an additional 1,684 shares during the period. Segall Bryant & Hamill LLC’s holdings in Northeast Community Bancorp were worth $2,419,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Northeast Community Bancorp by 5.3% during the first quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company’s stock valued at $10,473,000 after acquiring an additional 33,703 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Northeast Community Bancorp by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock worth $4,281,000 after purchasing an additional 40,775 shares during the period. Acadian Asset Management LLC lifted its position in shares of Northeast Community Bancorp by 3.0% in the 2nd quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock worth $2,774,000 after purchasing an additional 4,554 shares during the period. LSV Asset Management boosted its stake in shares of Northeast Community Bancorp by 41.1% during the 2nd quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock valued at $2,605,000 after purchasing an additional 42,582 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Northeast Community Bancorp during the third quarter valued at about $2,132,000. Hedge funds and other institutional investors own 53.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the sale, the director now directly owns 11,792 shares of the company’s stock, valued at $340,788.80. The trade was a 7.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.70% of the company’s stock.

Northeast Community Bancorp Stock Up 2.4 %

NECB stock opened at $30.12 on Friday. The company has a market capitalization of $422.31 million, a price-to-earnings ratio of 8.37 and a beta of 0.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average price is $26.81 and its two-hundred day moving average price is $22.07. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.48.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The business had revenue of $42.53 million during the quarter, compared to the consensus estimate of $26.53 million. As a group, analysts forecast that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.20 annualized dividend and a yield of 3.98%. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.10. Northeast Community Bancorp’s payout ratio is presently 16.67%.

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.