Northeast Community Bancorp (NASDAQ:NECB) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report)'s share price passed 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.

Northeast Community Bancorp Trading Down 1.3%

The firm has a 50-day moving average of $23.20 and a 200 day moving average of $23.31. The stock has a market capitalization of $324.14 million, a price-to-earnings ratio of 6.61 and a beta of 0.45.

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

Northeast Community Bancorp Announces Dividend

The business 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. This represents a $0.80 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, July 7th. Northeast Community Bancorp's dividend payout ratio (DPR) is presently 22.86%.

Hedge Funds Weigh In On Northeast Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in Northeast Community Bancorp by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 35,319 shares of the savings and loans company's stock worth $864,000 after acquiring an additional 700 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of Northeast Community Bancorp by 0.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 117,456 shares of the savings and loans company's stock valued at $2,873,000 after purchasing an additional 708 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Northeast Community Bancorp by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 50,411 shares of the savings and loans company's stock valued at $1,233,000 after purchasing an additional 954 shares in the last quarter. Boston Partners raised its position in shares of Northeast Community Bancorp by 4.0% in the 1st quarter. Boston Partners now owns 25,831 shares of the savings and loans company's stock valued at $605,000 after purchasing an additional 995 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Northeast Community Bancorp by 1.8% in the 4th quarter. First Trust Advisors LP now owns 56,439 shares of the savings and loans company's stock valued at $1,380,000 after purchasing an additional 1,011 shares in the last quarter. 53.25% of the stock is owned by institutional investors and hedge funds.

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.