Northeast Bank (NASDAQ:NBN) Price Target Raised to $115.00 at Keefe, Bruyette & Woods

Northeast Bank (NASDAQ:NBN - Get Free Report) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $102.00 to $115.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 6.83% from the company's previous close.

Northeast Bank Stock Performance

Northeast Bank stock traded up $0.72 during midday trading on Monday, reaching $107.65. 59,072 shares of the stock were exchanged, compared to its average volume of 46,632. The company's fifty day moving average is $97.77 and its 200-day moving average is $85.88. Northeast Bank has a 52 week low of $49.07 and a 52 week high of $110.35. The firm has a market cap of $883.81 million, a PE ratio of 12.53 and a beta of 1.08.

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

Institutional Investors Weigh In On Northeast Bank

Hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in Northeast Bank by 57.6% during the 4th quarter. Picton Mahoney Asset Management now owns 323 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 118 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Northeast Bank by 36.7% during the third quarter. BNP Paribas Financial Markets now owns 1,647 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 442 shares during the period. R Squared Ltd bought a new position in shares of Northeast Bank in the fourth quarter worth approximately $41,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Northeast Bank by 11.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,268 shares of the financial services provider's stock worth $406,000 after buying an additional 520 shares during the period. Finally, Foundry Partners LLC increased its stake in shares of Northeast Bank by 0.9% in the third quarter. Foundry Partners LLC now owns 74,127 shares of the financial services provider's stock worth $5,717,000 after buying an additional 695 shares during the period.

Northeast Bank Company 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.