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

A number of other large investors also recently bought and sold shares of the business. CWM LLC increased its stake in Northeast Community Bancorp by 2,966.1% during the 1st quarter. CWM LLC now owns 1,717 shares of the savings and loans company's stock valued at $40,000 after purchasing an additional 1,661 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Northeast Community Bancorp during the 4th quarter valued at about $61,000. BNP Paribas Financial Markets bought a new stake in Northeast Community Bancorp during the 4th quarter valued at about $78,000. Public Employees Retirement System of Ohio increased its stake in Northeast Community Bancorp by 973.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,477 shares of the savings and loans company's stock valued at $110,000 after purchasing an additional 4,060 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Northeast Community Bancorp by 65.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,060 shares of the savings and loans company's stock valued at $119,000 after purchasing an additional 2,000 shares in the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

Northeast Community Bancorp Stock Performance

Shares of NECB stock opened at $21.46 on Friday. The company has a 50 day moving average price of $22.25 and a 200-day moving average price of $22.57. Northeast Community Bancorp Inc. has a 52 week low of $19.75 and a 52 week high of $31.72. The firm has a market capitalization of $301.08 million, a PE ratio of 6.41 and a beta of 0.47. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.40.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its 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 company had revenue of $25.93 million during the quarter, compared to analyst estimates of $25.96 million. Northeast Community Bancorp had a net margin of 28.09% and a return on equity of 14.04%. As a group, equities research analysts expect that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, October 6th. Stockholders of record on Monday, September 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 8th. Northeast Community Bancorp's payout ratio is 23.88%.

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.

Want to see what other hedge funds are holding NECB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.