Northeast Community Bancorp (NASDAQ:NECB) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Key Points

• Northeast Community Bancorp's shares traded below their 200-day moving average of $22.39, reaching a low of $20.22, with the last trade at $20.44.
• The company reported earnings of $0.82 per share for the last quarter, exceeding analysts' expectations, along with a net margin of 28.09% and a return on equity of 14.04%.
• Northeast Community Bancorp announced a quarterly dividend of $0.20 per share, reflecting a 3.9% yield, payable to investors of record on October 3rd.

Shares of Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.39 and traded as low as $20.22. Northeast Community Bancorp shares last traded at $20.44, with a volume of 41,004 shares.

Northeast Community Bancorp Price Performance

The stock's 50-day moving average is $21.47 and its 200-day moving average is $22.39. The firm has a market cap of $286.77 million, a P/E ratio of 6.10 and a beta of 0.53. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.40.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. Northeast Community Bancorp had a net margin of 28.09% and a return on equity of 14.04%. The business had revenue of $25.93 million for the quarter, compared to analyst estimates of $25.96 million. As a group, equities analysts anticipate that Northeast Community Bancorp Inc. will post 3.04 EPS for the current fiscal year.

Northeast Community Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. Northeast Community Bancorp's payout ratio is 23.88%.

Institutional Investors Weigh In On Northeast Community Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in 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 during the period. Nuveen Asset Management LLC increased its holdings in 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 buying an additional 954 shares during the period. Strs Ohio bought a new stake in Northeast Community Bancorp in the 1st quarter valued at $502,000. GAMMA Investing LLC increased its holdings in Northeast Community Bancorp by 2,801.8% in the 1st quarter. GAMMA Investing LLC now owns 6,587 shares of the savings and loans company's stock valued at $154,000 after buying an additional 6,360 shares during the period. Finally, Nuveen LLC bought a new stake in Northeast Community Bancorp in the 1st quarter valued at $1,182,000. 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.

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