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

Rangeley Capital LLC acquired a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,545 shares of the savings and loans company’s stock, valued at approximately $674,000. Rangeley Capital LLC owned about 0.20% of Northeast Community Bancorp at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NECB. Arkadios Wealth Advisors acquired a new position in shares of Northeast Community Bancorp in the 4th quarter valued at approximately $265,000. Barclays PLC lifted its position in shares of Northeast Community Bancorp by 290.9% in the third 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 in the last quarter. Franklin Resources Inc. boosted its stake in shares of 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 during the last quarter. State Street Corp raised its holdings in 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 during the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Performance

Shares of NECB opened at $23.83 on Thursday. The company has a market cap of $334.17 million, a PE ratio of 6.66 and a beta of 0.67. The firm has a 50-day moving average of $23.73 and a 200-day moving average of $25.58. Northeast Community Bancorp, Inc. has a one year low of $14.84 and a one year 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.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. As a group, equities analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

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

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.