Sierra Summit Advisors LLC Sells 2,481 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Sierra Summit Advisors LLC decreased its holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 35,748 shares of the savings and loans company’s stock after selling 2,481 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Northeast Community Bancorp were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NECB. SG Americas Securities LLC boosted its position in shares of Northeast Community Bancorp by 10.4% during the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Northeast Community Bancorp by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 35,319 shares of the savings and loans company’s stock worth $864,000 after acquiring an additional 700 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Northeast Community Bancorp by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company’s stock worth $78,000 after purchasing an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in Northeast Community Bancorp by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 60,279 shares of the savings and loans company’s stock worth $1,474,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Northeast Community Bancorp by 26.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,430 shares of the savings and loans company’s stock valued at $182,000 after buying an additional 1,576 shares during the last quarter. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Price Performance

Shares of NASDAQ NECB opened at $21.13 on Monday. The company has a market capitalization of $296.31 million, a PE ratio of 5.90 and a beta of 0.42. 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 stock’s 50 day moving average price is $23.57 and its 200-day moving average price is $25.58. Northeast Community Bancorp, Inc. has a twelve month low of $14.84 and a twelve month high of $31.72.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. On average, equities analysts anticipate that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Monday, April 7th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s dividend payout ratio (DPR) is 22.35%.

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.