Segall Bryant & Hamill LLC Sells 3,097 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Segall Bryant & Hamill LLC cut its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 3.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 88,367 shares of the savings and loans company’s stock after selling 3,097 shares during the period. Segall Bryant & Hamill LLC’s holdings in Northeast Community Bancorp were worth $2,161,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NECB. SBI Securities Co. Ltd. acquired a new stake in Northeast Community Bancorp in the fourth quarter valued at $70,000. New York State Common Retirement Fund lifted its stake 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 valued at $78,000 after purchasing an additional 1,000 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in Northeast Community Bancorp during the fourth quarter worth about $87,000. SG Americas Securities LLC increased its position in Northeast Community Bancorp by 10.4% during the fourth quarter. SG Americas Securities LLC now owns 5,325 shares of the savings and loans company’s stock worth $130,000 after buying an additional 500 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Northeast Community Bancorp in the third quarter valued at approximately $207,000. 53.25% of the stock is currently owned by institutional investors and hedge funds.

Northeast Community Bancorp Stock Performance

Shares of NASDAQ NECB opened at $23.56 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $330.38 million, a P/E ratio of 6.58 and a beta of 0.67. Northeast Community Bancorp, Inc. has a 12 month low of $14.84 and a 12 month high of $31.72. The stock has a 50 day moving average of $23.86 and a 200-day moving average of $25.51.

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

Northeast Community Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.40%. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. Northeast Community Bancorp’s dividend payout ratio is 22.35%.

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.