SG Americas Securities LLC Takes Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

SG Americas Securities LLC purchased a new position in Northeast Community Bancorp, Inc. (NASDAQ:NECB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,825 shares of the savings and loans company’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sierra Summit Advisors LLC purchased a new position in Northeast Community Bancorp in the second quarter worth about $698,000. Dimensional Fund Advisors LP raised its position in Northeast Community Bancorp by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 240,261 shares of the savings and loans company’s stock worth $4,281,000 after buying an additional 40,775 shares during the last quarter. LSV Asset Management lifted its stake in Northeast Community Bancorp by 41.1% during the 2nd quarter. LSV Asset Management now owns 146,182 shares of the savings and loans company’s stock valued at $2,605,000 after acquiring an additional 42,582 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Northeast Community Bancorp by 3.0% during the 2nd quarter. Acadian Asset Management LLC now owns 155,774 shares of the savings and loans company’s stock valued at $2,774,000 after acquiring an additional 4,554 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Northeast Community Bancorp by 9.7% in 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 acquiring an additional 6,169 shares during the period. Institutional investors own 53.25% of the company’s stock.

Northeast Community Bancorp Stock Down 3.9 %

Shares of Northeast Community Bancorp stock opened at $27.17 on Friday. The company has a market cap of $381.28 million, a price-to-earnings ratio of 8.41 and a beta of 0.59. The company’s 50 day moving average is $24.36 and its 200 day moving average is $20.24. Northeast Community Bancorp, Inc. has a twelve month low of $14.20 and a twelve month high of $28.99.

Northeast Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th will be paid a $0.30 dividend. This is an increase from Northeast Community Bancorp’s previous quarterly dividend of $0.10. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, October 4th. Northeast Community Bancorp’s dividend payout ratio (DPR) is 18.58%.

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.