Renaissance Technologies LLC decreased its holdings in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB – Free Report) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,388 shares of the savings and loans company’s stock after selling 13,612 shares during the quarter. Renaissance Technologies LLC owned approximately 1.05% of Northeast Community Bancorp worth $2,626,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Northeast Community Bancorp by 23.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 72,447 shares of the savings and loans company’s stock worth $1,140,000 after buying an additional 13,773 shares in the last quarter. LSV Asset Management raised its holdings in Northeast Community Bancorp by 1,162.8% during the first quarter. LSV Asset Management now owns 103,600 shares of the savings and loans company’s stock worth $1,630,000 after acquiring an additional 95,396 shares in the last quarter. Empowered Funds LLC raised its holdings in Northeast Community Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 54,020 shares of the savings and loans company’s stock worth $850,000 after acquiring an additional 4,025 shares in the last quarter. 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 purchasing an additional 25,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Northeast Community Bancorp by 5.3% in the first quarter. Vanguard Group Inc. now owns 665,792 shares of the savings and loans company’s stock valued at $10,473,000 after purchasing an additional 33,703 shares in the last quarter. Institutional investors own 53.25% of the company’s stock.
Northeast Community Bancorp Stock Down 6.2 %
NASDAQ:NECB opened at $24.81 on Wednesday. The firm has a market capitalization of $348.16 million, a price-to-earnings ratio of 7.68 and a beta of 0.58. Northeast Community Bancorp, Inc. has a twelve month low of $13.93 and a twelve month high of $26.79. The stock’s 50 day moving average price is $22.60 and its two-hundred day moving average price is $18.89.
Northeast Community Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.84%. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, October 4th. Northeast Community Bancorp’s dividend payout ratio is presently 18.58%.
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.
Further Reading
- Five stocks we like better than Northeast Community Bancorp
- The Significance of Brokerage Rankings in Stock Selection
- Why Lennar Stock Could Be the Best Play in the Housing Market
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 2 Energy Stocks Fueling the AI Datacenter Boom
- How to Start Investing in Real Estate
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Northeast Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northeast Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.