Northeast Bank (NASDAQ:NBN - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.18, Zacks reports.
Northeast Bank Trading Down 2.4 %
Shares of NBN traded down $2.63 during mid-day trading on Monday, reaching $106.93. The company had a trading volume of 73,759 shares, compared to its average volume of 46,222. The stock has a market cap of $877.90 million, a price-to-earnings ratio of 12.45 and a beta of 1.08. The firm has a fifty day simple moving average of $97.61 and a 200-day simple moving average of $85.64. Northeast Bank has a fifty-two week low of $49.07 and a fifty-two week high of $110.35.
Northeast Bank Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Northeast Bank's dividend payout ratio (DPR) is presently 0.47%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upped their price objective on shares of Northeast Bank from $102.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday.
Check Out Our Latest Report on NBN
About Northeast Bank
(
Get Free Report)
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.
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