Allspring Global Investments Holdings LLC Decreases Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Allspring Global Investments Holdings LLC lowered its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,766 shares of the savings and loans company’s stock after selling 3,681 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Northeast Community Bancorp were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of NECB. Gladius Capital Management LP bought a new stake in shares of Northeast Community Bancorp in the 4th quarter worth approximately $31,000. Empowered Funds LLC raised its position in Northeast Community Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 54,020 shares of the savings and loans company’s stock worth $850,000 after purchasing an additional 4,025 shares during the period. Bank of New York Mellon Corp lifted its stake in Northeast Community Bancorp by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 69,992 shares of the savings and loans company’s stock worth $1,247,000 after purchasing an additional 6,169 shares during the last quarter. LSV Asset Management bought a new stake in Northeast Community Bancorp in the fourth quarter worth $146,000. Finally, Stilwell Value LLC boosted its position in Northeast Community Bancorp by 17.9% during the first quarter. Stilwell Value LLC now owns 165,000 shares of the savings and loans company’s stock valued at $2,595,000 after buying an additional 25,000 shares during the period. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Trading Down 1.3 %

NECB opened at $22.22 on Thursday. The company has a market cap of $311.52 million, a P/E ratio of 6.88 and a beta of 0.59. Northeast Community Bancorp, Inc. has a 12 month low of $13.93 and a 12 month high of $23.23. The business’s 50-day moving average price is $20.91 and its 200-day moving average price is $17.81.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly earnings data on Monday, July 22nd. The savings and loans company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.25. Northeast Community Bancorp had a return on equity of 16.87% and a net margin of 31.34%. The firm had revenue of $40.97 million during the quarter, compared to the consensus estimate of $24.69 million. Equities research analysts forecast that Northeast Community Bancorp, Inc. will post 2.94 earnings per share for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Friday, July 5th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Friday, July 5th. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 12.38%.

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.