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

Lynch & Associates IN reduced its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 20.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 15,001 shares of the savings and loans company’s stock after selling 3,750 shares during the quarter. Lynch & Associates IN’s holdings in Northeast Community Bancorp were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NECB. Dimensional Fund Advisors LP purchased a new position in shares of Northeast Community Bancorp in the 1st quarter worth about $538,000. Sei Investments Co. boosted its holdings in shares of Northeast Community Bancorp by 21.7% in the 1st quarter. Sei Investments Co. now owns 14,482 shares of the savings and loans company’s stock worth $177,000 after buying an additional 2,582 shares during the last quarter. Engineers Gate Manager LP raised its stake in Northeast Community Bancorp by 23.2% in the 1st quarter. Engineers Gate Manager LP now owns 14,563 shares of the savings and loans company’s stock valued at $178,000 after acquiring an additional 2,739 shares during the period. State Street Corp raised its stake in Northeast Community Bancorp by 10.3% in the 1st quarter. State Street Corp now owns 59,237 shares of the savings and loans company’s stock valued at $726,000 after acquiring an additional 5,537 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Northeast Community Bancorp in the 1st quarter valued at about $37,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

Northeast Community Bancorp Stock Performance

Northeast Community Bancorp stock traded down $0.19 during midday trading on Tuesday, reaching $14.87. The stock had a trading volume of 30,274 shares, compared to its average volume of 93,434. Northeast Community Bancorp, Inc. has a 12 month low of $12.16 and a 12 month high of $16.62. The firm’s 50-day moving average price is $15.90 and its 200 day moving average price is $14.48. The firm has a market capitalization of $222.60 million, a PE ratio of 5.87 and a beta of 0.58. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.05.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Northeast Community Bancorp had a return on equity of 14.47% and a net margin of 35.53%. The business had revenue of $25.04 million for the quarter, compared to analysts’ expectations of $22.37 million. As a group, research analysts predict that Northeast Community Bancorp, Inc. will post 2.86 earnings per share for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Wednesday, July 5th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, July 3rd. Northeast Community Bancorp’s dividend payout ratio is presently 9.41%.

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.