Inspire Investing LLC Cuts Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Inspire Investing LLC lessened its stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,568 shares of the savings and loans company’s stock after selling 12,023 shares during the period. Inspire Investing LLC’s holdings in Northeast Community Bancorp were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NECB. MassMutual Private Wealth & Trust FSB purchased a new stake in Northeast Community Bancorp in the fourth quarter valued at about $87,000. SG Americas Securities LLC acquired a new stake in Northeast Community Bancorp in the 3rd quarter worth approximately $128,000. PDT Partners LLC purchased a new stake in Northeast Community Bancorp during the 3rd quarter worth approximately $207,000. Arkadios Wealth Advisors acquired a new position in Northeast Community Bancorp during the 4th quarter valued at approximately $265,000. Finally, Jane Street Group LLC lifted its stake in shares of Northeast Community Bancorp by 33.6% during the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock worth $451,000 after buying an additional 4,287 shares during the period. 53.25% of the stock is currently owned by institutional investors.

Insider Activity at Northeast Community Bancorp

In other news, Director John F. Mckenzie sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $28.90, for a total value of $28,900.00. Following the completion of the sale, the director now directly owns 11,792 shares in the company, valued at $340,788.80. This represents a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles A. Martinek sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.58, for a total transaction of $36,696.00. Following the transaction, the director now owns 75 shares in the company, valued at $2,293.50. The trade was a 94.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is owned by corporate insiders.

Northeast Community Bancorp Stock Down 1.1 %

Northeast Community Bancorp stock opened at $25.20 on Thursday. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The business’s 50-day simple moving average is $26.73 and its two-hundred day simple moving average is $24.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $353.30 million, a PE ratio of 7.00 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. The firm had revenue of $42.53 million during the quarter, compared to analysts’ expectations of $26.53 million. Equities analysts anticipate that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current year.

Northeast Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.38%. Northeast Community Bancorp’s dividend payout ratio is currently 16.67%.

Northeast Community Bancorp 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.