Northeast Community Bancorp, Inc. (NASDAQ:NECB) Position Decreased by Relative Value Partners Group LLC

Relative Value Partners Group LLC cut its holdings in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,300 shares of the savings and loans company’s stock after selling 2,800 shares during the period. Relative Value Partners Group LLC owned approximately 0.72% of Northeast Community Bancorp worth $1,421,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Northeast Community Bancorp by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 135,698 shares of the savings and loans company’s stock worth $2,024,000 after buying an additional 1,064 shares during the period. Royal Bank of Canada raised its position in Northeast Community Bancorp by 8.1% during the third quarter. Royal Bank of Canada now owns 14,600 shares of the savings and loans company’s stock valued at $181,000 after buying an additional 1,100 shares during the period. Barclays PLC lifted its stake in Northeast Community Bancorp by 327.0% in the 4th quarter. Barclays PLC now owns 2,182 shares of the savings and loans company’s stock worth $33,000 after acquiring an additional 1,671 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in Northeast Community Bancorp during the 4th quarter worth about $31,000. Finally, UBS Group AG grew its stake in Northeast Community Bancorp by 198.9% during the 3rd quarter. UBS Group AG now owns 3,252 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 2,164 shares in the last quarter. Institutional investors own 43.01% of the company’s stock.

Northeast Community Bancorp Price Performance

NASDAQ NECB opened at $15.18 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $227.24 million, a price-to-earnings ratio of 5.95 and a beta of 0.58. The company has a 50 day simple moving average of $15.87 and a 200-day simple moving average of $14.50. Northeast Community Bancorp, Inc. has a 52-week low of $12.16 and a 52-week high of $16.62.

Northeast Community Bancorp (NASDAQ:NECB) last issued its earnings results on Wednesday, July 26th. The savings and loans company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Northeast Community Bancorp had a net margin of 35.53% and a return on equity of 14.47%. The company had revenue of $25.04 million during the quarter, compared to analyst estimates of $22.37 million. Equities research analysts predict that Northeast Community Bancorp, Inc. will post 2.86 earnings per share for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Wednesday, July 5th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, July 3rd. Northeast Community Bancorp’s payout ratio is currently 9.41%.

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.