Gladius Capital Management LP Makes New Investment in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Gladius Capital Management LP bought a new stake in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,770 shares of the savings and loans company’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently bought and sold shares of the company. AJOVista LLC acquired a new stake in Northeast Community Bancorp during the fourth quarter worth about $43,000. Strs Ohio acquired a new position in shares of Northeast Community Bancorp during the fourth quarter worth approximately $65,000. SG Americas Securities LLC bought a new position in Northeast Community Bancorp in the 4th quarter valued at $123,000. LSV Asset Management acquired a new stake in Northeast Community Bancorp in the fourth quarter worth about $146,000. Finally, Navellier & Associates Inc. grew its position in shares of Northeast Community Bancorp by 4.1% during the 3rd quarter. Navellier & Associates Inc. now owns 20,979 shares of the savings and loans company’s stock worth $310,000 after buying an additional 818 shares during the period. Institutional investors and hedge funds own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Up 0.2 %

NECB traded up $0.03 during trading on Thursday, reaching $16.90. 27,647 shares of the stock were exchanged, compared to its average volume of 47,342. The stock’s 50 day moving average price is $15.55 and its two-hundred day moving average price is $16.27. The stock has a market cap of $237.78 million, a P/E ratio of 5.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. Northeast Community Bancorp, Inc. has a twelve month low of $12.69 and a twelve month high of $18.00.

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

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, April 4th. Northeast Community Bancorp’s payout ratio is presently 12.38%.

Northeast Community Bancorp Company 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.