Northeast Community Bancorp, Inc. (NASDAQ:NECB) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 338,918 shares of the savings and loans company's stock after buying an additional 56,607 shares during the period. Dimensional Fund Advisors LP owned approximately 2.42% of Northeast Community Bancorp worth $8,290,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of NECB. Quartz Partners LLC acquired a new position in shares of Northeast Community Bancorp in the 4th quarter valued at $2,205,000. JPMorgan Chase & Co. lifted its stake in Northeast Community Bancorp by 223.5% during the fourth quarter. JPMorgan Chase & Co. now owns 65,718 shares of the savings and loans company's stock valued at $1,607,000 after buying an additional 45,403 shares in the last quarter. Rangeley Capital LLC acquired a new position in shares of Northeast Community Bancorp in the fourth quarter worth about $674,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Northeast Community Bancorp by 16.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company's stock worth $4,063,000 after buying an additional 23,524 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Northeast Community Bancorp in the fourth quarter worth approximately $479,000. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Stock Down 1.8 %

Shares of NASDAQ:NECB opened at $23.22 on Friday. The firm has a 50 day simple moving average of $22.45 and a 200 day simple moving average of $24.88. Northeast Community Bancorp, Inc. has a 52 week low of $16.63 and a 52 week high of $31.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $325.61 million, a PE ratio of 6.49 and a beta of 0.44.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The savings and loans company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $25.26 million during the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. As a group, research analysts expect that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.45%. The ex-dividend date was Monday, April 7th. This is a positive change from Northeast Community Bancorp's previous quarterly dividend of $0.15. Northeast Community Bancorp's dividend payout ratio is currently 22.86%.

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.

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