Hennessy Advisors Inc. Has $856,000 Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Hennessy Advisors Inc. lowered its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 41.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,000 shares of the savings and loans company’s stock after selling 25,000 shares during the period. Hennessy Advisors Inc.’s holdings in Northeast Community Bancorp were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Northeast Community Bancorp during the third quarter valued at approximately $128,000. PDT Partners LLC purchased a new position in Northeast Community Bancorp during the 3rd quarter worth $207,000. Jane Street Group LLC grew its stake in shares of 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 acquiring an additional 4,287 shares in the last quarter. Barclays PLC raised its holdings 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 valued at $473,000 after purchasing an additional 13,302 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 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. 53.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Northeast Community Bancorp news, CFO Donald S. Hom sold 3,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the sale, the chief financial officer now directly owns 8,759 shares in the company, valued at $254,799.31. The trade was a 25.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John F. Mckenzie sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is owned by insiders.

Northeast Community Bancorp Stock Down 0.9 %

Northeast Community Bancorp stock opened at $25.09 on Friday. 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 cap of $351.76 million, a PE ratio of 6.97 and a beta of 0.67. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The firm’s 50-day simple moving average is $27.04 and its 200 day simple moving average is $24.65.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. Research analysts predict that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

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

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.