ExodusPoint Capital Management LP Makes New $398,000 Investment in Northeast Bank (NASDAQ:NBN)

ExodusPoint Capital Management LP purchased a new stake in shares of Northeast Bank (NASDAQ:NBN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,341 shares of the financial services provider's stock, valued at approximately $398,000. ExodusPoint Capital Management LP owned about 0.05% of Northeast Bank at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NBN. Trexquant Investment LP bought a new stake in Northeast Bank in the fourth quarter valued at $849,000. Geode Capital Management LLC lifted its stake in Northeast Bank by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 158,171 shares of the financial services provider's stock valued at $14,513,000 after acquiring an additional 4,701 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Northeast Bank by 5.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,433 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 186 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Northeast Bank by 113.8% during the fourth quarter. JPMorgan Chase & Co. now owns 59,222 shares of the financial services provider's stock valued at $5,432,000 after purchasing an additional 31,523 shares during the last quarter. Finally, Congress Wealth Management LLC DE bought a new position in Northeast Bank during the fourth quarter valued at approximately $3,183,000.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price objective on Northeast Bank from $102.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th.

Northeast Bank Price Performance

Shares of NASDAQ:NBN traded up $1.59 during trading hours on Friday, hitting $89.06. 47,418 shares of the company's stock traded hands, compared to its average volume of 42,686. The firm has a market capitalization of $730.83 million, a P/E ratio of 10.37 and a beta of 0.85. The business has a fifty day moving average price of $93.35 and a 200-day moving average price of $93.93. Northeast Bank has a 1 year low of $50.25 and a 1 year high of $110.35.

Northeast Bank (NASDAQ:NBN - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.18.

Northeast Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Northeast Bank's dividend payout ratio (DPR) is 0.47%.

Northeast Bank Profile

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans.