Jacobs Levy Equity Management Inc. Takes $354,000 Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Jacobs Levy Equity Management Inc. acquired a new position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,465 shares of the savings and loans company's stock, valued at approximately $354,000. Jacobs Levy Equity Management Inc. owned 0.10% of Northeast Community Bancorp as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Deutsche Bank AG increased its position in shares of Northeast Community Bancorp by 29.9% during the fourth quarter. Deutsche Bank AG now owns 7,092 shares of the savings and loans company's stock worth $173,000 after buying an additional 1,633 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Northeast Community Bancorp in the fourth quarter worth $312,000. Bridgeway Capital Management LLC grew its holdings in Northeast Community Bancorp by 0.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 117,456 shares of the savings and loans company's stock worth $2,873,000 after purchasing an additional 708 shares during the period. Bank of America Corp DE grew its holdings in Northeast Community Bancorp by 41.5% in the fourth quarter. Bank of America Corp DE now owns 14,448 shares of the savings and loans company's stock worth $353,000 after purchasing an additional 4,234 shares during the period. Finally, Black Maple Capital Management LP acquired a new stake in Northeast Community Bancorp in the fourth quarter worth $387,000. 53.25% of the stock is currently owned by institutional investors and hedge funds.

Northeast Community Bancorp Stock Down 0.4%

NASDAQ:NECB traded down $0.09 during trading hours on Friday, reaching $22.89. The company had a trading volume of 20,214 shares, compared to its average volume of 58,198. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $320.99 million, a price-to-earnings ratio of 6.39 and a beta of 0.44. The business's 50-day simple moving average is $22.66 and its two-hundred day simple moving average is $24.67. Northeast Community Bancorp, Inc. has a twelve month low of $16.63 and a twelve month high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The savings and loans company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $25.26 million during the quarter, compared to analysts' expectations of $25.49 million. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. On average, equities analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th were issued a dividend of $0.20 per share. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, April 7th. Northeast Community Bancorp's dividend payout ratio (DPR) is currently 22.86%.

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.