Northeast Community Bancorp, Inc. (NASDAQ:NECB) Shares Sold by Lynch & Associates IN

Lynch & Associates IN lowered its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,250 shares of the savings and loans company’s stock after selling 750 shares during the quarter. Lynch & Associates IN’s holdings in Northeast Community Bancorp were worth $251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in NECB. JPMorgan Chase & Co. lifted its holdings in Northeast Community Bancorp by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 20,315 shares of the savings and loans company’s stock valued at $537,000 after purchasing an additional 8,100 shares in the last quarter. Franklin Resources Inc. increased its stake 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 buying an additional 7,785 shares in the last quarter. Barclays PLC raised its holdings in shares of Northeast Community Bancorp by 290.9% during the third quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock valued at $473,000 after acquiring an additional 13,302 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Northeast Community Bancorp by 33.6% in the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock valued at $451,000 after acquiring an additional 4,287 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Northeast Community Bancorp in the third quarter worth approximately $2,235,000. Institutional investors and hedge funds own 53.25% of the company’s stock.

Insiders Place Their Bets

In other Northeast Community Bancorp news, Director Charles A. Martinek sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.58, for a total value of $36,696.00. Following the sale, the director now directly owns 75 shares of the company’s stock, valued at approximately $2,293.50. This represents a 94.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Diane B. Cavanaugh sold 2,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $28.45, for a total value of $56,900.00. Following the completion of the transaction, the director now directly owns 4,712 shares in the company, valued at $134,056.40. This trade represents a 29.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,200 shares of company stock worth $209,766 over the last ninety days. Corporate insiders own 4.70% of the company’s stock.

Northeast Community Bancorp Price Performance

Shares of NASDAQ NECB traded down $0.54 during mid-day trading on Friday, reaching $23.35. The company’s stock had a trading volume of 99,917 shares, compared to its average volume of 88,986. The stock has a 50-day moving average of $27.41 and a two-hundred day moving average of $24.32. 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 stock has a market capitalization of $327.39 million, a P/E ratio of 6.49 and a beta of 0.67. Northeast Community Bancorp, Inc. has a 1-year low of $14.26 and a 1-year high of $31.72.

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

Northeast Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, January 3rd. Northeast Community Bancorp’s payout ratio is 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.