Militia Capital Management LLC Makes New Investment in Northeast Community Bancorp Inc. $NECB

Militia Capital Management LLC bought a new position in Northeast Community Bancorp Inc. (NASDAQ:NECB) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 34,021 shares of the savings and loans company’s stock, valued at approximately $810,000. Militia Capital Management LLC owned about 0.25% of Northeast Community Bancorp as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Northeast Community Bancorp by 46.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,459 shares of the savings and loans company’s stock valued at $80,000 after acquiring an additional 1,102 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Northeast Community Bancorp by 5.4% in the second quarter. Bridgeway Capital Management LLC now owns 128,849 shares of the savings and loans company’s stock worth $2,995,000 after purchasing an additional 6,652 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Northeast Community Bancorp in the second quarter worth approximately $231,000. Bank of America Corp DE lifted its position in Northeast Community Bancorp by 7.1% during the second quarter. Bank of America Corp DE now owns 20,860 shares of the savings and loans company’s stock valued at $485,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Northeast Community Bancorp by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 83,173 shares of the savings and loans company’s stock valued at $1,933,000 after purchasing an additional 4,785 shares during the last quarter. 53.25% of the stock is owned by institutional investors.

Northeast Community Bancorp Price Performance

Shares of NASDAQ:NECB opened at $26.45 on Friday. The stock has a market cap of $365.27 million, a PE ratio of 8.21 and a beta of 0.35. The company’s fifty day moving average is $25.73 and its 200 day moving average is $24.55. Northeast Community Bancorp Inc. has a 52 week low of $19.27 and a 52 week high of $28.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.06.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). Northeast Community Bancorp had a net margin of 28.16% and a return on equity of 12.62%. The business had revenue of $24.93 million for the quarter, compared to analysts’ expectations of $26.42 million. Research analysts anticipate that Northeast Community Bancorp Inc. will post 3.16 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 Thursday, August 6th. Investors of record on Tuesday, July 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 7th. This represents a $1.00 annualized dividend and a yield of 3.8%. This is a boost from Northeast Community Bancorp’s previous quarterly dividend of $0.20. Northeast Community Bancorp’s dividend payout ratio (DPR) is currently 31.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NECB shares. Freedom Capital raised Northeast Community Bancorp to a “strong-buy” rating in a research note on Tuesday, March 31st. Piper Sandler raised their price objective on Northeast Community Bancorp from $26.50 to $29.50 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Northeast Community Bancorp in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Northeast Community Bancorp has an average rating of “Moderate Buy” and an average price target of $29.50.

About Northeast Community Bancorp

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.