Lynch & Associates IN Reduces Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Lynch & Associates IN lowered its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,250 shares of the savings and loans company’s stock after selling 750 shares during the quarter. Lynch & Associates IN owned about 0.07% of Northeast Community Bancorp worth $251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Northeast Community Bancorp by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 69,992 shares of the savings and loans company’s stock worth $1,247,000 after purchasing an additional 6,169 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of 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 acquiring an additional 4,554 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Northeast Community Bancorp by 41.1% in the second quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock valued at $2,605,000 after purchasing an additional 42,582 shares during the period. Dimensional Fund Advisors LP grew 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 worth $4,281,000 after purchasing an additional 40,775 shares in the last quarter. Finally, Sierra Summit Advisors LLC purchased a new position in Northeast Community Bancorp during the 2nd quarter worth $698,000. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Down 2.3 %

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 company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $327.39 million, a PE ratio of 6.49 and a beta of 0.67. The stock has a fifty day moving average of $27.41 and a 200-day moving average of $24.32. 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 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 analysts’ consensus estimates 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 firm had revenue of $42.53 million for the quarter, compared to the consensus estimate of $26.53 million. Equities research analysts forecast that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current year.

Northeast Community Bancorp Cuts Dividend

The business 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp’s dividend payout ratio is presently 16.67%.

Insider Buying and Selling at Northeast Community Bancorp

In other news, Director John F. Mckenzie sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the completion of the transaction, the director now owns 11,792 shares of the company’s stock, valued at $340,788.80. The trade was a 7.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Diane B. Cavanaugh sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $28.45, for a total value of $56,900.00. Following the completion of the sale, the director now owns 4,712 shares in the company, valued at $134,056.40. The trade was a 29.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,200 shares of company stock worth $209,766. 4.70% of the stock is owned by corporate insiders.

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.