Northeast Community Bancorp (NASDAQ:NECB) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Northeast Community Bancorp Inc. (NASDAQ:NECB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.93 and traded as high as $24.73. Northeast Community Bancorp shares last traded at $24.46, with a volume of 19,289 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NECB shares. Weiss Ratings upgraded shares of Northeast Community Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Freedom Capital upgraded shares of Northeast Community Bancorp to a “strong-buy” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Northeast Community Bancorp Stock Down 0.2%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50 day moving average price is $24.13 and its two-hundred day moving average price is $22.93. The company has a market cap of $337.79 million, a P/E ratio of 7.60 and a beta of 0.37.

Northeast Community Bancorp (NASDAQ:NECB) last issued its earnings results on Thursday, April 30th. The savings and loans company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). Northeast Community Bancorp had a return on equity of 12.73% and a net margin of 28.16%.The company had revenue of $24.93 million for the quarter, compared to the consensus estimate of $26.42 million. Equities research analysts anticipate that Northeast Community Bancorp Inc. will post 3.25 EPS for the current fiscal year.

Northeast Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Monday, April 6th were paid a $0.20 dividend. The ex-dividend date was Monday, April 6th. This represents a $0.80 annualized dividend and a dividend yield of 3.3%. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 24.84%.

Institutional Trading of Northeast Community Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NECB. Man Group plc grew its stake in Northeast Community Bancorp by 4.0% in the third quarter. Man Group plc now owns 19,838 shares of the savings and loans company’s stock valued at $408,000 after acquiring an additional 767 shares during the period. Wells Fargo & Company MN raised its position in shares of Northeast Community Bancorp by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 13,860 shares of the savings and loans company’s stock worth $313,000 after purchasing an additional 4,382 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Northeast Community Bancorp during the fourth quarter worth approximately $239,000. Brevan Howard Capital Management LP bought a new position in shares of Northeast Community Bancorp in the 2nd quarter worth $231,000. Finally, BNP Paribas Financial Markets grew its position in Northeast Community Bancorp by 36.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,703 shares of the savings and loans company’s stock valued at $97,000 after purchasing an additional 1,244 shares during the period. 53.25% of the stock is owned by institutional investors.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.