Northeast Community Bancorp (NASDAQ:NECB) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 Down 1.3%

The company's 50-day moving average price is $23.20 and its two-hundred day moving average price is $23.28. The company has a market cap of $324.14 million, a P/E ratio of 6.61 and a beta of 0.45.

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

Northeast Community Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, July 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, July 7th. Northeast Community Bancorp's dividend payout ratio is 22.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CWM LLC grew its position in shares of Northeast Community Bancorp by 2,966.1% during the 1st quarter. CWM LLC now owns 1,717 shares of the savings and loans company's stock worth $40,000 after buying an additional 1,661 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Northeast Community Bancorp by 342.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,479 shares of the savings and loans company's stock worth $61,000 after purchasing an additional 1,919 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Northeast Community Bancorp during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets bought a new stake in shares of Northeast Community Bancorp during the 4th quarter worth approximately $78,000. Finally, Public Employees Retirement System of Ohio raised its stake in Northeast Community Bancorp by 973.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,477 shares of the savings and loans company's stock valued at $110,000 after acquiring an additional 4,060 shares during the period. 53.25% of the stock is owned by institutional investors.

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.