Militia Capital Partners LP Boosts Stake in Northeast Community Bancorp Inc. $NECB

Key Points

• Militia Capital Partners LP significantly increased its stake in Northeast Community Bancorp by 240.2%, holding 34,021 shares valued at approximately $797,000.
• Several other investors, including CWM LLC and Public Employees Retirement System of Ohio, also dramatically raised their stakes in the bank during the first quarter, indicating strong institutional interest.
• Northeast Community Bancorp recently announced a $0.20 special dividend to be paid on October 6th, with an ex-dividend date of September 8th.

Militia Capital Partners LP increased its position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report) by 240.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,021 shares of the savings and loans company's stock after buying an additional 24,021 shares during the quarter. Militia Capital Partners LP owned about 0.24% of Northeast Community Bancorp worth $797,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in Northeast Community Bancorp by 261.8% in the 1st quarter. Millennium Management LLC now owns 162,916 shares of the savings and loans company's stock valued at $3,819,000 after purchasing an additional 117,888 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of 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 valued at $2,067,000 after buying an additional 77,350 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Northeast Community Bancorp in the first quarter valued at $1,779,000. Nuveen LLC acquired a new stake in shares of Northeast Community Bancorp in the first quarter valued at $1,182,000. Finally, Acadian Asset Management LLC grew its stake in shares of Northeast Community Bancorp by 19.3% in the first quarter. Acadian Asset Management LLC now owns 282,384 shares of the savings and loans company's stock valued at $6,618,000 after buying an additional 45,726 shares in the last quarter. 53.25% of the stock is currently owned by hedge funds and other institutional investors.

Northeast Community Bancorp Trading Up 1.8%

Shares of NASDAQ NECB traded up $0.38 during trading on Wednesday, reaching $21.06. The stock had a trading volume of 15,125 shares, compared to its average volume of 45,308. Northeast Community Bancorp Inc. has a fifty-two week low of $19.75 and a fifty-two week high of $31.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.25. The business's 50-day moving average price is $22.05 and its 200-day moving average price is $22.52. The company has a market cap of $295.40 million, a P/E ratio of 6.29 and a beta of 0.47.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The firm had revenue of $25.93 million during 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%. On average, equities research analysts predict that Northeast Community Bancorp Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, October 6th. Stockholders of record on Monday, September 8th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, September 8th. Northeast Community Bancorp's payout ratio 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.