Jane Street Group LLC Purchases 4,287 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Jane Street Group LLC boosted its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 33.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,046 shares of the savings and loans company’s stock after acquiring an additional 4,287 shares during the period. Jane Street Group LLC’s holdings in Northeast Community Bancorp were worth $451,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NECB. SG Americas Securities LLC acquired a new position in shares of Northeast Community Bancorp during the third quarter valued at about $128,000. PDT Partners LLC bought a new stake in Northeast Community Bancorp during the 3rd quarter worth approximately $207,000. Sierra Summit Advisors LLC purchased a new position in shares of Northeast Community Bancorp during the second quarter valued at approximately $698,000. Martingale Asset Management L P boosted its holdings in Northeast Community Bancorp by 20.7% during the 3rd quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company’s stock worth $863,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Northeast Community Bancorp by 9.7% in the 2nd 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 acquiring an additional 6,169 shares in the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

Insider Buying and Selling at Northeast Community Bancorp

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

Northeast Community Bancorp Stock Down 1.3 %

NECB opened at $24.15 on Tuesday. Northeast Community Bancorp, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $31.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day moving average is $27.57 and its 200 day moving average is $24.27. The firm has a market capitalization of $338.61 million, a P/E ratio of 6.71 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $42.53 million for the quarter, compared to analysts’ expectations of $26.53 million. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. Research analysts expect that Northeast Community Bancorp, Inc. will post 3.61 earnings per share for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, January 3rd. Northeast Community Bancorp’s dividend payout ratio (DPR) is 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.