Militia Capital Management LLC Invests $810,000 in Northeast Community Bancorp Inc. $NECB

Militia Capital Management LLC bought a new position in Northeast Community Bancorp Inc. (NASDAQ:NECB) during the 1st quarter, Holdings Channel.com reports. The firm bought 34,021 shares of the savings and loans company’s stock, valued at approximately $810,000.

Several other hedge funds also recently made changes to their positions in the company. Millennium Management LLC boosted its position in Northeast Community Bancorp by 261.8% during the 1st quarter. Millennium Management LLC now owns 162,916 shares of the savings and loans company’s stock valued at $3,819,000 after buying an additional 117,888 shares during the period. Focus Partners Wealth bought a new stake in Northeast Community Bancorp in the 4th quarter worth $1,857,000. AQR Capital Management LLC purchased a new position in shares of Northeast Community Bancorp in the first quarter valued at about $1,779,000. Two Sigma Investments LP purchased a new position in shares of Northeast Community Bancorp in the third quarter valued at about $870,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Northeast Community Bancorp during the second quarter valued at about $790,000. 53.25% of the stock is owned by hedge funds and other institutional investors.

Northeast Community Bancorp Stock Performance

NASDAQ:NECB opened at $26.45 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $25.73 and its 200 day simple moving average is $24.55. The stock has a market cap of $365.27 million, a P/E ratio of 8.21 and a beta of 0.35. Northeast Community Bancorp Inc. has a twelve month low of $19.27 and a twelve month high of $28.94.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). Northeast Community Bancorp had a return on equity of 12.62% and a net margin of 28.16%.The company had revenue of $24.93 million during the quarter, compared to the consensus estimate of $26.42 million. As a group, research analysts predict that Northeast Community Bancorp Inc. will post 3.16 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Tuesday, July 7th will be given a dividend of $0.25 per share. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, July 7th. Northeast Community Bancorp’s dividend payout ratio is presently 31.06%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NECB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Northeast Community Bancorp in a report on Thursday, July 2nd. Freedom Capital upgraded Northeast Community Bancorp to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Piper Sandler upped their price target on Northeast Community Bancorp from $26.50 to $29.50 and gave the company a “neutral” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Northeast Community Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Northeast Community Bancorp 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.