Insider Buying: Northeast Community Bancorp, Inc. (OTCMKTS:NECB) CEO Purchases $108,300.00 in Stock

Northeast Community Bancorp, Inc. (OTCMKTS:NECBGet Rating) CEO Kenneth A. Martinek purchased 10,000 shares of Northeast Community Bancorp stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average cost of $10.83 per share, with a total value of $108,300.00. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $324,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

OTCMKTS NECB opened at $11.09 on Thursday. The company has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $11.44. Northeast Community Bancorp, Inc. has a 12-month low of $10.02 and a 12-month high of $16.70. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08. The company has a market cap of $181.63 million, a P/E ratio of 12.90 and a beta of 0.68.

Northeast Community Bancorp (OTCMKTS:NECBGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Northeast Community Bancorp had a return on equity of 5.38% and a net margin of 23.74%. Sell-side analysts predict that Northeast Community Bancorp, Inc. will post 1.11 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a dividend of $0.18 per share. This is an increase from Northeast Community Bancorp’s previous dividend of $0.03. The ex-dividend date of this dividend is Friday, May 13th. Northeast Community Bancorp’s payout ratio is currently 27.91%.

Separately, Zacks Investment Research raised shares of Northeast Community Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Thursday, February 10th.

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG bought a new stake in shares of Northeast Community Bancorp during the 3rd quarter worth $31,000. Geneos Wealth Management Inc. bought a new stake in shares of Northeast Community Bancorp during the 1st quarter worth $37,000. Geode Capital Management LLC bought a new stake in shares of Northeast Community Bancorp during the 3rd quarter worth $114,000. Millennium Management LLC bought a new stake in shares of Northeast Community Bancorp during the 3rd quarter worth $118,000. Finally, Eidelman Virant Capital bought a new stake in shares of Northeast Community Bancorp during the 1st quarter worth $122,000. 30.10% of the stock is currently owned by hedge funds and other institutional investors.

Northeast Community Bancorp Company Profile (Get Rating)

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.

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Insider Buying and Selling by Quarter for Northeast Community Bancorp (OTCMKTS:NECB)

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