GSA Capital Partners LLP Has $498,000 Stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

GSA Capital Partners LLP trimmed its position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 32.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,821 shares of the savings and loans company’s stock after selling 9,096 shares during the period. GSA Capital Partners LLP owned approximately 0.13% of Northeast Community Bancorp worth $498,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NECB. Inspire Investing LLC bought a new stake in shares of Northeast Community Bancorp in the third quarter valued at about $2,132,000. SG Americas Securities LLC bought a new stake in shares of Northeast Community Bancorp in the third quarter valued at about $128,000. Sierra Summit Advisors LLC bought a new stake in shares of Northeast Community Bancorp in the second quarter valued at about $698,000. Dimensional Fund Advisors LP lifted its stake in shares of Northeast Community Bancorp by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock valued at $4,281,000 after buying an additional 40,775 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Northeast Community Bancorp by 41.1% in the second quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock valued at $2,605,000 after buying an additional 42,582 shares during the period. 53.25% of the stock is currently owned by institutional investors.

Northeast Community Bancorp Stock Up 1.8 %

NASDAQ NECB opened at $29.64 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day simple moving average of $26.35 and a 200 day simple moving average of $21.83. Northeast Community Bancorp, Inc. has a twelve month low of $14.26 and a twelve month high of $31.48. The stock has a market cap of $415.55 million, a PE ratio of 8.23 and a beta of 0.59.

Northeast Community Bancorp (NASDAQ:NECB) last announced its quarterly 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 firm had revenue of $42.53 million during the quarter, compared to analysts’ expectations of $26.53 million. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. On average, research analysts forecast that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were paid a dividend of $0.30 per share. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.20 dividend on an annualized basis and a yield of 4.05%. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 16.67%.

Insiders Place Their Bets

In other Northeast Community Bancorp news, Director John F. Mckenzie sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $28.90, for a total transaction of $28,900.00. Following the completion of the transaction, the director now owns 11,792 shares in the company, valued at $340,788.80. This trade represents a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company’s stock.

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.