Insider Selling: Northeast Community Bancorp (NASDAQ:NECB) CFO Sells 1,000 Shares of Stock

Key Points

• CFO Donald S. Hom sold 1,000 shares of Northeast Community Bancorp at an average price of $22.05, resulting in a total transaction of $22,050 and an 11.42% decrease in his ownership position.
• Northeast Community Bancorp recently reported $0.82 EPS for the last quarter, exceeding analysts' estimates of $0.79, while achieving a net margin of 28.09%.
• The company declared a quarterly dividend of $0.20, with an annualized payout of $0.80 and a dividend yield of 3.7%.

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report) CFO Donald S. Hom sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $22.05, for a total transaction of $22,050.00. Following the transaction, the chief financial officer owned 7,759 shares of the company's stock, valued at approximately $171,085.95. This represents a 11.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Northeast Community Bancorp Stock Down 1.2%

Shares of NASDAQ:NECB traded down $0.27 during midday trading on Tuesday, reaching $21.59. 41,205 shares of the company were exchanged, compared to its average volume of 53,309. The firm has a market cap of $302.91 million, a PE ratio of 6.44 and a beta of 0.45. Northeast Community Bancorp Inc. has a fifty-two week low of $19.75 and a fifty-two week high of $31.72. The stock has a fifty day simple moving average of $22.55 and a two-hundred day simple moving average of $22.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.40.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. The business had revenue of $25.93 million for the quarter, compared to analyst estimates of $25.96 million. Northeast Community Bancorp had a net margin of 28.09% and a return on equity of 14.04%. As a group, sell-side analysts forecast that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, July 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.7%. Northeast Community Bancorp's dividend payout ratio (DPR) is currently 23.88%.

Institutional Trading of Northeast Community Bancorp

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC boosted its position in Northeast Community Bancorp by 261.8% during the 1st quarter. Millennium Management LLC now owns 162,916 shares of the savings and loans company's stock worth $3,819,000 after buying an additional 117,888 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Northeast Community Bancorp by 714.8% during the first quarter. Arkadios Wealth Advisors now owns 88,171 shares of the savings and loans company's stock valued at $2,067,000 after acquiring an additional 77,350 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Northeast Community Bancorp during the first quarter worth $1,779,000. LSV Asset Management lifted its holdings in shares of Northeast Community Bancorp by 28.4% during the second quarter. LSV Asset Management now owns 296,896 shares of the savings and loans company's stock worth $6,901,000 after purchasing an additional 65,717 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Northeast Community Bancorp by 20.1% in the fourth 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 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.