27,545 Shares in Northeast Community Bancorp, Inc. (NASDAQ:NECB) Acquired by Rangeley Capital LLC

Rangeley Capital LLC purchased a new stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the fourth quarter, Holdings Channel.com reports. The firm purchased 27,545 shares of the savings and loans company’s stock, valued at approximately $674,000.

Several other large investors have also recently made changes to their positions in NECB. State Street Corp grew its position in Northeast Community Bancorp by 10.4% during the 3rd 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 last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Northeast Community Bancorp by 16.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company’s stock worth $4,063,000 after buying an additional 23,524 shares during the last quarter. Quartz Partners LLC purchased a new position in Northeast Community Bancorp during the 4th quarter valued at $2,205,000. Kovitz Investment Group Partners LLC bought a new position in Northeast Community Bancorp in the third quarter worth about $2,235,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Northeast Community Bancorp by 11.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 74,391 shares of the savings and loans company’s stock worth $1,820,000 after acquiring an additional 7,412 shares in the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

Northeast Community Bancorp Stock Performance

Northeast Community Bancorp stock opened at $23.83 on Thursday. Northeast Community Bancorp, Inc. has a twelve month low of $14.84 and a twelve month high of $31.72. The company has a market capitalization of $334.17 million, a P/E ratio of 6.66 and a beta of 0.67. The stock’s 50 day moving average is $23.73 and its 200 day moving average is $25.58. 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 (NASDAQ:NECB) last issued its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. On average, equities research analysts predict that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 22.35%.

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.