Northeast Community Bancorp Inc. $NECB Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC has significantly reduced its stake in Northeast Community Bancorp Inc. by 51.8%, now holding 33,048 shares worth $775,000.
• The company declared a special dividend of $0.20 per share, payable on October 6th, with a dividend payout ratio of 23.88%.
• Northeast Community Bancorp's latest earnings report exceeded expectations, with an EPS of $0.82, slightly above the consensus estimate of $0.79.

Inspire Investing LLC cut its holdings in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report) by 51.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,048 shares of the savings and loans company's stock after selling 35,520 shares during the period. Inspire Investing LLC owned approximately 0.24% of Northeast Community Bancorp worth $775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Northeast Community Bancorp during the 1st quarter valued at about $502,000. Acadian Asset Management LLC lifted its stake in Northeast Community Bancorp by 19.3% in the 1st 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. Geneos Wealth Management Inc. lifted its stake in Northeast Community Bancorp by 65.4% in 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 buying an additional 2,000 shares in the last quarter. Jane Street Group LLC lifted its stake in Northeast Community Bancorp by 78.3% in the 1st quarter. Jane Street Group LLC now owns 25,696 shares of the savings and loans company's stock valued at $602,000 after buying an additional 11,286 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Northeast Community Bancorp by 7.4% in the 1st quarter. Empowered Funds LLC now owns 69,058 shares of the savings and loans company's stock valued at $1,619,000 after buying an additional 4,741 shares in the last quarter. 53.25% of the stock is currently owned by institutional investors and hedge funds.

Northeast Community Bancorp Price Performance

Northeast Community Bancorp stock traded up $0.60 during midday trading on Thursday, reaching $21.40. The company had a trading volume of 23,225 shares, compared to its average volume of 45,446. The company has a market capitalization of $300.17 million, a P/E ratio of 6.39 and a beta of 0.47. Northeast Community Bancorp Inc. has a 12-month low of $19.75 and a 12-month high of $31.72. The firm's fifty day simple moving average is $21.98 and its 200-day simple moving average is $22.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.25 and a quick ratio of 1.25.

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 for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. The business had revenue of $25.93 million for 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 analysts anticipate that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Announces Dividend

The company also recently declared 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 of this dividend is Monday, September 8th. Northeast Community Bancorp's payout ratio is presently 23.88%.

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.