Black Maple Capital Management LP Invests $387,000 in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Black Maple Capital Management LP acquired a new position in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,812 shares of the savings and loans company's stock, valued at approximately $387,000. Black Maple Capital Management LP owned 0.11% of Northeast Community Bancorp as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quartz Partners LLC bought a new position in Northeast Community Bancorp in the 4th quarter worth approximately $2,205,000. Dimensional Fund Advisors LP boosted its stake in shares of Northeast Community Bancorp by 20.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 338,918 shares of the savings and loans company's stock worth $8,290,000 after purchasing an additional 56,607 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Northeast Community Bancorp by 223.5% during the fourth quarter. JPMorgan Chase & Co. now owns 65,718 shares of the savings and loans company's stock valued at $1,607,000 after buying an additional 45,403 shares during the period. Rangeley Capital LLC bought a new position in Northeast Community Bancorp in the 4th quarter valued at $674,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Northeast Community Bancorp by 16.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company's stock worth $4,063,000 after purchasing an additional 23,524 shares during the last quarter. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Trading Down 1.0 %

NECB traded down $0.24 on Friday, reaching $23.41. 9,081 shares of the company traded hands, compared to its average volume of 57,993. 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 company has a market cap of $328.28 million, a P/E ratio of 6.54 and a beta of 0.44. The firm has a fifty day simple moving average of $22.44 and a two-hundred day simple moving average of $24.93. Northeast Community Bancorp, Inc. has a one year low of $16.63 and a one year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its earnings results on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $25.26 million for the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. Northeast Community Bancorp's payout ratio is currently 22.86%.

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.