Connor Clark & Lunn Investment Management Ltd. Grows Holdings in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Connor Clark & Lunn Investment Management Ltd. increased its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,113 shares of the savings and loans company’s stock after acquiring an additional 23,524 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Northeast Community Bancorp were worth $4,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NECB. SBI Securities Co. Ltd. purchased a new stake in Northeast Community Bancorp in the 4th quarter worth approximately $70,000. New York State Common Retirement Fund increased its holdings in Northeast Community Bancorp by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 3,205 shares of the savings and loans company’s stock worth $78,000 after acquiring an additional 1,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Northeast Community Bancorp in the 4th quarter worth approximately $87,000. SG Americas Securities LLC increased its holdings in Northeast Community Bancorp by 10.4% in the 4th quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock worth $130,000 after acquiring an additional 500 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in Northeast Community Bancorp in the 3rd quarter worth approximately $207,000. 53.25% of the stock is owned by hedge funds and other institutional investors.

Northeast Community Bancorp Trading Up 1.1 %

Shares of NECB opened at $22.82 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. Northeast Community Bancorp, Inc. has a 1 year low of $14.77 and a 1 year high of $31.72. The company has a 50 day simple moving average of $24.03 and a two-hundred day simple moving average of $25.51. The firm has a market cap of $319.96 million, a P/E ratio of 6.37 and a beta of 0.67.

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

Northeast Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Friday, January 3rd. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 16.76%.

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.