Northeast Community Bancorp (NASDAQ:NECB) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Northeast Community Bancorp, Inc. (NASDAQ:NECB)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.60 and traded as high as $25.54. Northeast Community Bancorp shares last traded at $25.09, with a volume of 49,740 shares trading hands.

Northeast Community Bancorp Stock Performance

The stock has a market cap of $351.76 million, a PE ratio of 6.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day moving average price of $27.04 and a two-hundred day moving average price of $24.65.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The company had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. As a group, equities research analysts forecast that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, January 3rd. Northeast Community Bancorp’s payout ratio is 16.67%.

Insider Buying and Selling at Northeast Community Bancorp

In other Northeast Community Bancorp news, Director Diane B. Cavanaugh sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $28.45, for a total transaction of $56,900.00. Following the completion of the transaction, the director now owns 4,712 shares of the company’s stock, valued at approximately $134,056.40. This trade represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Donald S. Hom sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the chief financial officer now owns 8,759 shares of the company’s stock, valued at $254,799.31. The trade was a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Northeast Community Bancorp

Several institutional investors and hedge funds have recently modified their holdings of NECB. MassMutual Private Wealth & Trust FSB bought a new position in shares of Northeast Community Bancorp during the fourth quarter valued at $87,000. SG Americas Securities LLC bought a new position in shares of Northeast Community Bancorp during the third quarter valued at $128,000. PDT Partners LLC bought a new position in shares of Northeast Community Bancorp during the third quarter valued at $207,000. Arkadios Wealth Advisors bought a new stake in Northeast Community Bancorp in the 4th quarter worth about $265,000. Finally, Jane Street Group LLC increased its holdings in Northeast Community Bancorp by 33.6% in the 3rd quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock worth $451,000 after buying an additional 4,287 shares in the last quarter. 53.25% of the stock is currently owned by institutional investors.

About Northeast Community Bancorp

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.