JPMorgan Chase & Co. Raises Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

JPMorgan Chase & Co. increased its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 223.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,718 shares of the savings and loans company's stock after purchasing an additional 45,403 shares during the period. JPMorgan Chase & Co. owned 0.47% of Northeast Community Bancorp worth $1,607,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Northeast Community Bancorp by 10.4% in the 3rd quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock valued at $6,174,000 after buying an additional 21,973 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Northeast Community Bancorp by 33.6% during the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company's stock worth $451,000 after purchasing an additional 4,287 shares during the last quarter. Barclays PLC increased its position in shares of Northeast Community Bancorp by 290.9% during the third quarter. Barclays PLC now owns 17,875 shares of the savings and loans company's stock worth $473,000 after purchasing an additional 13,302 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Northeast Community Bancorp by 50.6% in the 3rd quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company's stock valued at $630,000 after purchasing an additional 7,785 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Northeast Community Bancorp in the 4th quarter valued at about $265,000. Hedge funds and other institutional investors own 53.25% of the company's stock.

Northeast Community Bancorp Stock Performance

NASDAQ:NECB traded up $0.01 during mid-day trading on Thursday, reaching $22.77. 1,660 shares of the stock were exchanged, compared to its average volume of 58,419. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp, Inc. has a 1 year low of $15.81 and a 1 year high of $31.72. The company has a 50 day simple moving average of $22.45 and a 200-day simple moving average of $25.12. The stock has a market capitalization of $319.30 million, a P/E ratio of 6.36 and a beta of 0.42.

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

Northeast Community Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Monday, April 7th. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.15. Northeast Community Bancorp's dividend payout ratio (DPR) is 22.86%.

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.