AJOVista LLC Invests $43,000 in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

AJOVista LLC acquired a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,422 shares of the savings and loans company’s stock, valued at approximately $43,000.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Northeast Community Bancorp in the third quarter valued at about $607,000. LSV Asset Management purchased a new stake in shares of Northeast Community Bancorp in the 4th quarter worth about $146,000. Bank of New York Mellon Corp grew its stake in Northeast Community Bancorp by 11.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,485 shares of the savings and loans company’s stock valued at $996,000 after acquiring an additional 7,016 shares during the last quarter. SG Americas Securities LLC purchased a new position in Northeast Community Bancorp during the 4th quarter valued at about $123,000. Finally, Strs Ohio purchased a new position in Northeast Community Bancorp during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Up 0.3 %

Shares of NASDAQ NECB opened at $16.65 on Monday. The firm’s 50-day moving average is $15.46 and its two-hundred day moving average is $16.24. The company has a market capitalization of $234.27 million, a PE ratio of 5.14 and a beta of 0.55. Northeast Community Bancorp, Inc. has a 12-month low of $12.50 and a 12-month high of $18.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Thursday, April 25th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $25.54 million for the quarter, compared to analyst estimates of $25.72 million. Northeast Community Bancorp had a return on equity of 16.95% and a net margin of 31.94%. Equities analysts anticipate that Northeast Community Bancorp, Inc. will post 2.56 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.06. Northeast Community Bancorp’s dividend payout ratio (DPR) is presently 12.38%.

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.