Virtu Financial LLC Purchases New Shares in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

Virtu Financial LLC acquired a new position in shares of Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,798 shares of the savings and loans company’s stock, valued at approximately $264,000. Virtu Financial LLC owned about 0.08% of Northeast Community Bancorp as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NECB. SG Americas Securities LLC raised its stake in shares of 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 purchasing an additional 500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Northeast Community Bancorp by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 35,319 shares of the savings and loans company’s stock worth $864,000 after buying an additional 700 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of 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 worth $78,000 after acquiring an additional 1,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Northeast Community Bancorp by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 60,279 shares of the savings and loans company’s stock valued at $1,474,000 after acquiring an additional 1,435 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Northeast Community Bancorp during the fourth quarter worth about $70,000. 53.25% of the stock is currently owned by institutional investors and hedge funds.

Northeast Community Bancorp Price Performance

Shares of NASDAQ:NECB opened at $23.40 on Friday. Northeast Community Bancorp, Inc. has a 52 week low of $14.84 and a 52 week high of $31.72. The company has a 50-day moving average price of $23.82 and a 200 day moving average price of $25.52. The company has a market cap of $328.14 million, a P/E ratio of 6.54 and a beta of 0.67. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. Research analysts predict that Northeast Community Bancorp, Inc. will post 3.04 earnings per share for the current year.

Northeast Community Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th will be given a dividend of $0.20 per share. This is a positive change from Northeast Community Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, April 7th. Northeast Community Bancorp’s payout ratio is presently 22.35%.

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.