Gladius Capital Management LP Sells 570 Shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Gladius Capital Management LP trimmed its position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) by 33.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123 shares of the savings and loans company’s stock after selling 570 shares during the quarter. Gladius Capital Management LP’s holdings in Northeast Community Bancorp were worth $30,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NECB. SG Americas Securities LLC bought a new position in Northeast Community Bancorp during the third quarter worth about $128,000. Sierra Summit Advisors LLC acquired a new position in shares of Northeast Community Bancorp during the 2nd quarter worth approximately $698,000. Bank of New York Mellon Corp increased its holdings in shares of Northeast Community Bancorp by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 69,992 shares of the savings and loans company’s stock worth $1,247,000 after purchasing an additional 6,169 shares during the period. Empowered Funds LLC raised its position in shares of Northeast Community Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 61,242 shares of the savings and loans company’s stock valued at $1,620,000 after buying an additional 3,082 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Northeast Community Bancorp in the third quarter valued at approximately $2,132,000. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Price Performance

Northeast Community Bancorp stock opened at $29.08 on Friday. The stock’s fifty day moving average price is $26.06 and its two-hundred day moving average price is $21.61. The firm has a market cap of $407.70 million, a PE ratio of 8.08 and a beta of 0.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.13. Northeast Community Bancorp, Inc. has a one year low of $14.26 and a one year high of $31.48.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results on Monday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Northeast Community Bancorp had a return on equity of 16.63% and a net margin of 30.47%. The business had revenue of $42.53 million during the quarter, compared to the consensus estimate of $26.53 million. As a group, research analysts expect that Northeast Community Bancorp, Inc. will post 3.61 EPS for the current fiscal year.

Northeast Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, October 4th. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. Northeast Community Bancorp’s dividend payout ratio is 16.67%.

About Northeast Community Bancorp

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.