Strs Ohio Acquires Shares of 21,400 Northeast Community Bancorp Inc. $NECB

Key Points

• Strs Ohio invested approximately $502,000 in Northeast Community Bancorp Inc., acquiring 21,400 shares during the first quarter.
• The company recently declared a $0.20 quarterly dividend, which will be paid on November 7th, yielding 3.7% annually.
• Northeast Community Bancorp reported a quarterly EPS of $0.82, exceeding the consensus estimate of $0.79, with a revenue of $25.93 million.

Strs Ohio acquired a new position in shares of Northeast Community Bancorp Inc. (NASDAQ:NECB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,400 shares of the savings and loans company's stock, valued at approximately $502,000. Strs Ohio owned 0.15% of Northeast Community Bancorp at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC increased its holdings in Northeast Community Bancorp by 2,966.1% in the first quarter. CWM LLC now owns 1,717 shares of the savings and loans company's stock valued at $40,000 after buying an additional 1,661 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Northeast Community Bancorp in the fourth quarter valued at $61,000. BNP Paribas Financial Markets purchased a new position in Northeast Community Bancorp in the fourth quarter valued at $78,000. Public Employees Retirement System of Ohio increased its holdings in Northeast Community Bancorp by 973.6% in the fourth 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 buying an additional 4,060 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Northeast Community Bancorp by 65.4% in the first 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 during the last quarter. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Stock Up 0.2%

NASDAQ:NECB traded up $0.05 during trading hours on Monday, hitting $21.47. The company's stock had a trading volume of 52,781 shares, compared to its average volume of 46,304. The stock has a market capitalization of $301.22 million, a P/E ratio of 6.41 and a beta of 0.47. The stock has a fifty day moving average of $21.83 and a 200-day moving average of $22.47. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. Northeast Community Bancorp Inc. has a 52-week low of $19.75 and a 52-week high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its earnings results on Thursday, July 24th. The savings and loans company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $25.93 million for 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 analysts forecast that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 3rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. Northeast Community Bancorp's dividend 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.