Bank of New York Mellon Corp Increases Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Bank of New York Mellon Corp raised its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,279 shares of the savings and loans company’s stock after purchasing an additional 1,435 shares during the quarter. Bank of New York Mellon Corp’s holdings in Northeast Community Bancorp were worth $1,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in Northeast Community Bancorp by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company’s stock valued at $78,000 after purchasing an additional 1,000 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new stake in Northeast Community Bancorp in the fourth quarter valued at $87,000. SG Americas Securities LLC raised its position in Northeast Community Bancorp by 10.4% in the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock valued at $130,000 after purchasing an additional 500 shares during the period. PDT Partners LLC purchased a new stake in Northeast Community Bancorp in the third quarter valued at $207,000. Finally, Arkadios Wealth Advisors purchased a new stake in Northeast Community Bancorp in the fourth quarter valued at $265,000. Hedge funds and other institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Price Performance

NASDAQ:NECB opened at $23.06 on Friday. Northeast Community Bancorp, Inc. has a 52 week low of $14.84 and a 52 week high of $31.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $323.37 million, a P/E ratio of 6.44 and a beta of 0.67. The stock’s fifty day moving average is $23.96 and its two-hundred day moving average is $25.50.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. Equities analysts expect that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.47%. Northeast Community Bancorp’s payout ratio is presently 16.76%.

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.