Cubist Systematic Strategies LLC Purchases Shares of 12,746 Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Cubist Systematic Strategies LLC bought a new position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,746 shares of the savings and loans company's stock, valued at approximately $312,000. Cubist Systematic Strategies LLC owned about 0.09% of Northeast Community Bancorp at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Russell Investments Group Ltd. increased its holdings in Northeast Community Bancorp by 342.7% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Northeast Community Bancorp in the 4th quarter valued at approximately $70,000. BNP Paribas Financial Markets acquired a new stake in Northeast Community Bancorp during the 4th quarter worth approximately $78,000. New York State Common Retirement Fund boosted its position in Northeast Community Bancorp by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company's stock worth $78,000 after buying an additional 1,000 shares during the period. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Northeast Community Bancorp in the 4th quarter valued at approximately $87,000. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Trading Down 2.2%

Shares of NECB stock traded down $0.52 during trading hours on Wednesday, hitting $23.11. 41,344 shares of the company's stock traded hands, compared to its average volume of 58,159. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a 12 month low of $16.63 and a 12 month high of $31.72. The stock has a market cap of $324.07 million, a PE ratio of 6.46 and a beta of 0.44. The stock's 50 day simple moving average is $22.66 and its 200 day simple moving average is $24.72.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its earnings results on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $25.26 million for the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. On average, sell-side analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 EPS 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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.46%. 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. Northeast Community Bancorp's dividend payout ratio is currently 22.86%.

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.