Northeast Community Bancorp (NASDAQ:NECB) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.40 and traded as low as $23.05. Northeast Community Bancorp shares last traded at $23.90, with a volume of 93,257 shares changing hands.

Northeast Community Bancorp Trading Up 1.2%

The stock has a market capitalization of $345.03 million, a P/E ratio of 7.03 and a beta of 0.45. The business's fifty day simple moving average is $22.99 and its two-hundred day simple moving average is $23.41.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last released its earnings results on Monday, April 21st. The savings and loans company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $25.26 million for the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a return on equity of 14.97% and a net margin of 28.73%. On average, equities research analysts anticipate that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, July 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. Northeast Community Bancorp's payout ratio is 22.86%.

Institutional Investors Weigh In On Northeast Community Bancorp

A number of institutional investors have recently bought and sold shares of NECB. Millennium Management LLC raised its stake in shares of Northeast Community Bancorp by 246.9% in the 4th quarter. Millennium Management LLC now owns 45,028 shares of the savings and loans company's stock valued at $1,101,000 after buying an additional 32,049 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Northeast Community Bancorp by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 50,411 shares of the savings and loans company's stock valued at $1,233,000 after acquiring an additional 954 shares during the period. GAMMA Investing LLC raised its position in Northeast Community Bancorp by 2,801.8% in the first quarter. GAMMA Investing LLC now owns 6,587 shares of the savings and loans company's stock worth $154,000 after purchasing an additional 6,360 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Northeast Community Bancorp during the fourth quarter worth about $78,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Northeast Community Bancorp by 20.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 338,918 shares of the savings and loans company's stock valued at $8,290,000 after purchasing an additional 56,607 shares in the last quarter. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Company 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.