16,386 Shares in Northeast Community Bancorp Inc. $NECB Acquired by Benjamin Edwards Inc.

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. bought a new position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its stake in Northeast Community Bancorp by 2,966.1% during the first quarter. CWM LLC now owns 1,717 shares of the savings and loans company's stock valued at $40,000 after buying an additional 1,661 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Northeast Community Bancorp by 342.7% in the fourth quarter. Russell Investments Group Ltd. now owns 2,479 shares of the savings and loans company's stock worth $61,000 after purchasing an additional 1,919 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Northeast Community Bancorp during the 4th quarter valued at $61,000. BNP Paribas Financial Markets purchased a new position in Northeast Community Bancorp in the 4th quarter worth about $78,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Northeast Community Bancorp by 973.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,477 shares of the savings and loans company's stock worth $110,000 after acquiring an additional 4,060 shares during the period. Institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Stock Down 1.2%

NECB stock traded down $0.27 during trading on Tuesday, hitting $21.59. 41,205 shares of the company's stock traded hands, compared to its average volume of 46,875. The firm has a market capitalization of $302.91 million, a P/E ratio of 6.44 and a beta of 0.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $22.57 and a two-hundred day simple moving average of $22.81. Northeast Community Bancorp Inc. has a 1 year low of $19.75 and a 1 year high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its earnings results 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 company had revenue of $25.93 million during the quarter, compared to analysts' expectations of $25.96 million. Northeast Community Bancorp had a net margin of 28.09% and a return on equity of 14.04%. Sell-side analysts anticipate that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, July 7th were given a dividend of $0.20 per share. The ex-dividend date 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 23.88%.

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.