Barclays PLC Buys 13,302 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Barclays PLC raised its stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 290.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,875 shares of the savings and loans company’s stock after acquiring an additional 13,302 shares during the period. Barclays PLC’s holdings in Northeast Community Bancorp were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Northeast Community Bancorp during the 3rd quarter worth approximately $128,000. PDT Partners LLC purchased a new stake in shares of Northeast Community Bancorp during the third quarter valued at approximately $207,000. Jane Street Group LLC lifted its holdings in Northeast Community Bancorp by 33.6% during the third quarter. Jane Street Group LLC now owns 17,046 shares of the savings and loans company’s stock worth $451,000 after acquiring an additional 4,287 shares during the period. Sierra Summit Advisors LLC purchased a new position in Northeast Community Bancorp in the second quarter worth $698,000. Finally, Martingale Asset Management L P boosted its position in Northeast Community Bancorp by 20.7% in the third quarter. Martingale Asset Management L P now owns 32,620 shares of the savings and loans company’s stock worth $863,000 after purchasing an additional 5,600 shares during the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John F. Mckenzie sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $28.90, for a total value of $28,900.00. Following the transaction, the director now owns 11,792 shares of the company’s stock, valued at $340,788.80. This represents a 7.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Donald S. Hom sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the chief financial officer now directly owns 8,759 shares in the company, valued at approximately $254,799.31. This represents a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,200 shares of company stock worth $209,766. Corporate insiders own 4.70% of the company’s stock.

Northeast Community Bancorp Stock Performance

NASDAQ NECB opened at $24.17 on Friday. The company has a market capitalization of $338.89 million, a PE ratio of 6.71 and a beta of 0.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. Northeast Community Bancorp, Inc. has a 52-week low of $14.26 and a 52-week high of $31.72. The company has a 50-day simple moving average of $27.70 and a 200 day simple moving average of $24.07.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings data on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $42.53 million for the quarter, compared to the consensus estimate 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 predict that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current year.

Northeast Community Bancorp Cuts Dividend

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