Shares of Northeast Bank (NASDAQ:NBN - Get Free Report) saw an uptick in trading volume on Tuesday . 40,024 shares changed hands during mid-day trading, a decline of 2% from the previous session's volume of 40,666 shares.The stock last traded at $91.05 and had previously closed at $92.49.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods boosted 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 report on Monday, February 10th.
Get Our Latest Analysis on NBN
Northeast Bank Stock Performance
The stock has a market capitalization of $754.54 million, a PE ratio of 10.70 and a beta of 1.06. The stock has a 50-day moving average price of $99.01 and a two-hundred day moving average price of $91.72.
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 (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.18.
Northeast Bank Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Tuesday, February 18th. Northeast Bank's payout ratio is 0.47%.
Institutional Trading of Northeast Bank
A number of large investors have recently added to or reduced their stakes in NBN. Royce & Associates LP bought a new stake in Northeast Bank in the 4th quarter worth approximately $4,820,000. Congress Wealth Management LLC DE bought a new position in shares of Northeast Bank during the 4th quarter valued at approximately $3,183,000. Citadel Advisors LLC bought a new position in shares of Northeast Bank during the 4th quarter valued at approximately $3,114,000. JPMorgan Chase & Co. increased its position in shares of Northeast Bank by 113.8% during the 4th 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, American Century Companies Inc. increased its position in shares of Northeast Bank by 17.1% during the 4th quarter. American Century Companies Inc. now owns 172,538 shares of the financial services provider's stock valued at $15,827,000 after purchasing an additional 25,220 shares during the last quarter.
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.
Featured Articles
Before you consider Northeast Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northeast Bank wasn't on the list.
While Northeast Bank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
