Arkadios Wealth Advisors Grows Position in Northeast Community Bancorp Inc. (NASDAQ:NECB)

Key Points

• Arkadios Wealth Advisors increased its stake in Northeast Community Bancorp Inc. by 714.8% during the first quarter, now owning 88,171 shares valued at approximately $2.07 million.
• Northeast Community Bancorp reported earnings-per-share (EPS) of $0.82 for the last quarter, exceeding analysts' expectations of $0.79.
• The company declared a quarterly dividend of $0.20 per share, which translates to an annualized dividend yield of 3.9%.

Arkadios Wealth Advisors raised its holdings in Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report) by 714.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,171 shares of the savings and loans company's stock after acquiring an additional 77,350 shares during the period. Arkadios Wealth Advisors owned about 0.63% of Northeast Community Bancorp worth $2,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NECB. Bridgeway Capital Management LLC boosted its stake in shares of Northeast Community Bancorp by 0.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 117,456 shares of the savings and loans company's stock valued at $2,873,000 after purchasing an additional 708 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Northeast Community Bancorp by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 50,411 shares of the savings and loans company's stock valued at $1,233,000 after purchasing an additional 954 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Northeast Community Bancorp by 1.8% during the fourth quarter. First Trust Advisors LP now owns 56,439 shares of the savings and loans company's stock valued at $1,380,000 after purchasing an additional 1,011 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Northeast Community Bancorp by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,430 shares of the savings and loans company's stock worth $182,000 after acquiring an additional 1,576 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Northeast Community Bancorp by 29.9% in the fourth quarter. Deutsche Bank AG now owns 7,092 shares of the savings and loans company's stock worth $173,000 after acquiring an additional 1,633 shares during the period. Institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Price Performance

Shares of Northeast Community Bancorp stock traded up $0.12 during midday trading on Monday, reaching $20.30. The company had a trading volume of 21,011 shares, compared to its average volume of 45,852. The stock has a fifty day moving average price of $22.90 and a 200 day moving average price of $23.13. The firm has a market cap of $284.60 million, a PE ratio of 6.05 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.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its earnings results on Thursday, July 24th. The savings and loans company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. The business had revenue of $25.93 million during the quarter, compared to the consensus estimate of $25.96 million. Northeast Community Bancorp had a return on equity of 14.24% and a net margin of 28.09%. As a group, sell-side analysts forecast that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, July 7th. Northeast Community Bancorp's payout ratio is presently 23.88%.

Northeast Community Bancorp Company 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.