Northeast Community Bancorp (NASDAQ:NECB) Share Price Passes Above Two Hundred Day Moving Average of $17.34

Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.34 and traded as high as $22.24. Northeast Community Bancorp shares last traded at $22.12, with a volume of 14,760 shares traded.

Northeast Community Bancorp Price Performance

The stock has a market capitalization of $322.48 million, a P/E ratio of 7.11 and a beta of 0.59. The stock’s 50-day simple moving average is $20.02 and its 200 day simple moving average is $17.42.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings results on Monday, July 22nd. The savings and loans company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.25. The business had revenue of $40.97 million for the quarter, compared to analyst estimates of $24.69 million. Northeast Community Bancorp had a net margin of 31.34% and a return on equity of 17.17%. As a group, analysts expect that Northeast Community Bancorp, Inc. will post 2.94 earnings per share for the current fiscal year.

Northeast Community Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Friday, July 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, July 5th. Northeast Community Bancorp’s dividend payout ratio (DPR) is 12.38%.

Institutional Investors Weigh In On Northeast Community Bancorp

Several institutional investors have recently made changes to their positions in NECB. Vanguard Group Inc. grew its stake in 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 worth $10,473,000 after buying an additional 33,703 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Northeast Community Bancorp by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock valued at $4,281,000 after acquiring an additional 40,775 shares during the last quarter. Stilwell Value LLC raised its position in Northeast Community Bancorp by 17.9% during the first quarter. Stilwell Value LLC now owns 165,000 shares of the savings and loans company’s stock valued at $2,595,000 after purchasing an additional 25,000 shares in the last quarter. Acadian Asset Management LLC raised its position in Northeast Community Bancorp by 3.0% during the second quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock valued at $2,774,000 after purchasing an additional 4,554 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Northeast Community Bancorp by 41.1% during the second quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock worth $2,605,000 after purchasing an additional 42,582 shares during the last quarter. 53.25% of the stock is currently owned by institutional investors.

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.