Acadian Asset Management LLC increased its position in shares of Northeast Community Bancorp, Inc. (OTCMKTS:NECB – Get Rating) by 215.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,778 shares of the savings and loans company's stock after purchasing an additional 70,837 shares during the quarter. Acadian Asset Management LLC owned 0.63% of Northeast Community Bancorp worth $1,269,000 as of its most recent filing with the SEC.
Separately, Cutler Capital Management LLC acquired a new position in shares of Northeast Community Bancorp in the first quarter worth $305,000. Institutional investors and hedge funds own 25.77% of the company's stock.
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Northeast Community Bancorp Stock Performance
Northeast Community Bancorp stock opened at $12.52 on Wednesday. The firm has a market capitalization of $204.46 million, a P/E ratio of 14.18 and a beta of 0.60. The stock has a fifty day moving average price of $12.37 and a 200 day moving average price of $11.86. Northeast Community Bancorp, Inc. has a 52 week low of $10.39 and a 52 week high of $13.15. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.08.
Northeast Community Bancorp (OTCMKTS:NECB – Get Rating) last released its earnings results on Friday, July 22nd. The savings and loans company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. The firm had revenue of $14.08 million during the quarter, compared to analyst estimates of $13.64 million. Northeast Community Bancorp had a return on equity of 5.53% and a net
margin of 25.53%. Equities research analysts anticipate that Northeast Community Bancorp, Inc. will post 1.33 earnings per share for the current year.
Northeast Community Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Tuesday, July 5th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, July 1st. Northeast Community Bancorp's dividend payout ratio (DPR) is presently 26.67%.
Analyst Ratings Changes
Separately, TheStreet cut Northeast Community Bancorp from a "b-" rating to a "c+" rating in a report on Friday, May 27th.
Northeast Community Bancorp Profile
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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.
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