Northeast Community Bancorp, Inc. (NASDAQ:NECB) Short Interest Down 17.5% in March

Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 174,800 shares, a decrease of 17.5% from the March 15th total of 211,900 shares. Based on an average trading volume of 50,300 shares, the short-interest ratio is currently 3.5 days. Currently, 1.5% of the shares of the stock are short sold.

Northeast Community Bancorp Price Performance

Shares of NASDAQ NECB traded down $0.04 during mid-day trading on Friday, reaching $15.05. The company's stock had a trading volume of 24,368 shares, compared to its average volume of 36,595. The stock has a 50-day moving average of $15.57 and a two-hundred day moving average of $16.16. The stock has a market capitalization of $211.75 million, a P/E ratio of 4.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. Northeast Community Bancorp has a 1-year low of $12.50 and a 1-year high of $18.00.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its earnings results on Thursday, February 1st. The savings and loans company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The business had revenue of $26.59 million during the quarter, compared to analysts' expectations of $26.57 million. Northeast Community Bancorp had a net margin of 33.97% and a return on equity of 17.08%. On average, equities research analysts anticipate that Northeast Community Bancorp will post 2.56 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 5th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Northeast Community Bancorp's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 4th. Northeast Community Bancorp's dividend payout ratio is 12.74%.

Institutional Investors Weigh In On Northeast Community Bancorp

Hedge funds have recently modified their holdings of the business. Money Concepts Capital Corp purchased a new stake in shares of Northeast Community Bancorp in the fourth quarter valued at about $31,000. Gladius Capital Management LP purchased a new stake in shares of Northeast Community Bancorp in the fourth quarter valued at about $31,000. Barclays PLC grew its holdings in shares of Northeast Community Bancorp by 327.0% in the fourth quarter. Barclays PLC now owns 2,182 shares of the savings and loans company's stock valued at $33,000 after purchasing an additional 1,671 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Northeast Community Bancorp in the third quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Northeast Community Bancorp in the first quarter valued at about $37,000. 53.25% of the stock is currently owned by institutional investors and hedge funds.

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.