MassMutual Private Wealth & Trust FSB Purchases Shares of 3,537 Northeast Community Bancorp, Inc. (NASDAQ:NECB)

MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,537 shares of the savings and loans company’s stock, valued at approximately $87,000.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Northeast Community Bancorp by 290.9% during the third quarter. Barclays PLC now owns 17,875 shares of the savings and loans company’s stock valued at $473,000 after acquiring an additional 13,302 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Northeast Community Bancorp by 50.6% during the third quarter. Franklin Resources Inc. now owns 23,156 shares of the savings and loans company’s stock valued at $630,000 after acquiring an additional 7,785 shares in the last quarter. State Street Corp increased its holdings in shares of Northeast Community Bancorp by 10.4% during the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company’s stock valued at $6,174,000 after acquiring an additional 21,973 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Northeast Community Bancorp during the third quarter valued at about $2,235,000. Finally, Inspire Investing LLC acquired a new position in shares of Northeast Community Bancorp during the third quarter valued at about $2,132,000. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Performance

NECB opened at $25.27 on Friday. Northeast Community Bancorp, Inc. has a 52-week low of $14.26 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 cap of $354.29 million, a P/E ratio of 7.02 and a beta of 0.67. The firm’s 50-day moving average price is $26.66 and its 200-day moving average price is $24.81.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results on Monday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a net margin of 30.47% and a return on equity of 16.63%. The company had revenue of $42.53 million during the quarter, compared to analyst estimates of $26.53 million. As a group, equities analysts anticipate that Northeast Community Bancorp, Inc. will post 3.57 EPS for the current fiscal year.

Northeast Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, January 3rd. Northeast Community Bancorp’s dividend payout ratio is presently 16.67%.

Insiders Place Their Bets

In other Northeast Community Bancorp news, Director Diane B. Cavanaugh sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $28.45, for a total transaction of $56,900.00. Following the completion of the transaction, the director now directly owns 4,712 shares of the company’s stock, valued at approximately $134,056.40. This trade represents a 29.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Donald S. Hom sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the transaction, the chief financial officer now directly owns 8,759 shares of the company’s stock, valued at $254,799.31. This represents a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,200 shares of company stock valued at $209,766. 4.70% of the stock is owned by insiders.

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.