Northeast Community Bancorp (NASDAQ:NECB) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Northeast Community Bancorp shares fell below their 200-day moving average, trading at $20.67, down from a 200-day average of $22.93.
• The company reported $0.82 earnings per share for the last quarter, exceeding analyst expectations of $0.79, alongside a revenue of $25.93 million.
• Investors received a quarterly dividend of $0.20 per share, which represents an annual yield of 3.9% and reflects a payout ratio of 23.88%.

Northeast Community Bancorp Inc. (NASDAQ:NECB - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.93 and traded as low as $20.25. Northeast Community Bancorp shares last traded at $20.67, with a volume of 39,289 shares trading hands.

Northeast Community Bancorp Stock Performance

The firm has a fifty day moving average price of $22.62 and a 200 day moving average price of $22.93. The firm has a market capitalization of $289.79 million, a price-to-earnings ratio of 6.17 and a beta of 0.45.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $25.93 million during the quarter, compared to analysts' expectations of $25.96 million. Northeast Community Bancorp had a return on equity of 14.24% and a net margin of 28.09%. Research analysts predict that Northeast Community Bancorp Inc. will post 3.04 earnings per share for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, July 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.80 annualized dividend and a yield of 3.9%. Northeast Community Bancorp's payout ratio is currently 23.88%.

Hedge Funds Weigh In On Northeast Community Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in Northeast Community Bancorp by 246.9% during the fourth quarter. Millennium Management LLC now owns 45,028 shares of the savings and loans company's stock worth $1,101,000 after purchasing an additional 32,049 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of 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 worth $1,233,000 after acquiring an additional 954 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 6,360 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Northeast Community Bancorp in the fourth quarter worth $78,000. Finally, Arkadios Wealth Advisors raised its holdings 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 last quarter. 53.25% of the stock is owned by institutional investors and hedge funds.

About Northeast Community Bancorp

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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