Benjamin Edwards Inc. Makes New $384,000 Investment in Northeast Community Bancorp Inc. $NECB

Key Points

• Benjamin Edwards Inc. has invested approximately $384,000 in Northeast Community Bancorp Inc. by purchasing 16,386 shares, representing around 0.12% ownership of the company.
• Northeast Community Bancorp reported earnings of $0.82 per share for the last quarter, surpassing analysts' expectations of $0.79.
• The company recently declared a quarterly dividend of $0.20, yielding 3.7% annually, with a payout ratio of 23.88%.

Benjamin Edwards Inc. purchased a new position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,386 shares of the savings and loans company's stock, valued at approximately $384,000. Benjamin Edwards Inc. owned 0.12% of Northeast Community Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NECB. Arkadios Wealth Advisors boosted its stake in Northeast Community Bancorp by 714.8% in the first quarter. Arkadios Wealth Advisors now owns 88,171 shares of the savings and loans company's stock worth $2,067,000 after purchasing an additional 77,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in Northeast Community Bancorp by 223.5% in the fourth quarter. JPMorgan Chase & Co. now owns 65,718 shares of the savings and loans company's stock worth $1,607,000 after purchasing an additional 45,403 shares in the last quarter. Millennium Management LLC boosted its stake in Northeast Community Bancorp by 246.9% in the fourth quarter. Millennium Management LLC now owns 45,028 shares of the savings and loans company's stock worth $1,101,000 after purchasing an additional 32,049 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in Northeast Community Bancorp in the fourth quarter worth $479,000. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Trading Down 1.3%

Shares of NECB traded down $0.28 during trading hours on Thursday, hitting $21.60. 32,340 shares of the stock traded hands, compared to its average volume of 53,782. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. Northeast Community Bancorp Inc. has a 1-year low of $19.75 and a 1-year high of $31.72. The firm has a market capitalization of $303.05 million, a PE ratio of 6.45 and a beta of 0.45. The business has a fifty day moving average of $22.50 and a 200-day moving average of $22.77.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 14.04% and a net margin of 28.09%. Analysts expect that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, October 6th. Shareholders of record on Monday, September 8th will be issued a $0.20 dividend. Northeast Community Bancorp's dividend payout ratio (DPR) is currently 23.88%.

Northeast Community Bancorp 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.