Northeast Community Bancorp (NASDAQ:NECB) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.31 and traded as low as $23.05. Northeast Community Bancorp shares last traded at $23.34, with a volume of 25,719 shares changing hands.

Northeast Community Bancorp Trading Up 0.4%

The stock has a fifty day moving average of $23.20 and a two-hundred day moving average of $23.31. The company has a market capitalization of $328.49 million, a PE ratio of 6.69 and a beta of 0.45.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its quarterly earnings data 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. Northeast Community Bancorp had a return on equity of 14.97% and a net margin of 28.73%. The firm had revenue of $25.26 million for the quarter, compared to analyst estimates of $25.49 million. Equities analysts forecast that Northeast Community Bancorp Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, July 7th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, July 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.41%. Northeast Community Bancorp's dividend payout ratio is presently 22.86%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in Northeast Community Bancorp by 261.8% during the first quarter. Millennium Management LLC now owns 162,916 shares of the savings and loans company's stock valued at $3,819,000 after acquiring an additional 117,888 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Northeast Community Bancorp by 714.8% in the first quarter. Arkadios Wealth Advisors now owns 88,171 shares of the savings and loans company's stock worth $2,067,000 after acquiring an additional 77,350 shares during the period. AQR Capital Management LLC bought a new position in shares of Northeast Community Bancorp in the first quarter worth about $1,779,000. Dimensional Fund Advisors LP lifted its position in shares of Northeast Community Bancorp by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 338,918 shares of the savings and loans company's stock worth $8,290,000 after buying an additional 56,607 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Northeast Community Bancorp in the first quarter worth about $1,182,000. Hedge funds and other institutional investors 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.