Empowered Funds LLC Grows Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Empowered Funds LLC boosted its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,242 shares of the savings and loans company’s stock after purchasing an additional 3,082 shares during the quarter. Empowered Funds LLC’s holdings in Northeast Community Bancorp were worth $1,620,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in shares of Northeast Community Bancorp during the 3rd quarter worth $2,132,000. SG Americas Securities LLC acquired a new stake in shares of Northeast Community Bancorp in the third quarter valued at approximately $128,000. Sierra Summit Advisors LLC purchased a new position in shares of Northeast Community Bancorp during the 2nd quarter worth approximately $698,000. Dimensional Fund Advisors LP raised its position in shares of Northeast Community Bancorp by 20.4% during 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 last quarter. Finally, LSV Asset Management grew its holdings in 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 buying an additional 42,582 shares during the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

Insider Buying and Selling at Northeast Community Bancorp

In related 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 transaction of $28,900.00. Following the transaction, the director now directly owns 11,792 shares of the company’s stock, valued at approximately $340,788.80. The trade was a 7.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Northeast Community Bancorp Stock Performance

NASDAQ NECB opened at $29.40 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.48. The business has a fifty day moving average of $26.65 and a 200-day moving average of $21.94. The stock has a market cap of $412.19 million, a price-to-earnings ratio of 8.17 and a beta of 0.59.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were issued a $0.30 dividend. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, October 4th. This represents a $1.20 annualized dividend and a yield of 4.08%. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

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.