Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Charles A. Martinek Sells 1,200 Shares of Stock

Northeast Community Bancorp, Inc. (NASDAQ:NECB) Director Charles A. Martinek sold 1,200 shares of Northeast Community Bancorp stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total transaction of $36,696.00. Following the sale, the director now owns 75 shares in the company, valued at $2,293.50. This represents a 94.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Northeast Community Bancorp Price Performance

Shares of NASDAQ:NECB opened at $30.08 on Thursday. Northeast Community Bancorp, Inc. has a 12 month low of $14.26 and a 12 month high of $31.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $421.75 million, a P/E ratio of 8.36 and a beta of 0.59. The company’s fifty day moving average price is $27.13 and its 200 day moving average price is $22.30.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. The company had revenue of $42.53 million for the quarter, compared to the consensus estimate of $26.53 million. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were given a dividend of $0.30 per share. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a yield of 3.99%. The ex-dividend date was Friday, October 4th. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its position in Northeast Community Bancorp by 50.6% during the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock worth $630,000 after purchasing an additional 7,785 shares during the last quarter. Barclays PLC grew its position in Northeast Community Bancorp by 290.9% during the 3rd quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock worth $473,000 after purchasing an additional 13,302 shares during the last quarter. Jane Street Group LLC grew its position in Northeast Community Bancorp by 33.6% during the 3rd quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock worth $451,000 after purchasing an additional 4,287 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Northeast Community Bancorp in the third quarter valued at about $2,235,000. Finally, State Street Corp increased its stake in shares of Northeast Community Bancorp by 10.4% during the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock worth $6,174,000 after acquiring an additional 21,973 shares during the period. 53.25% of the stock is owned by hedge funds and other 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.