Northeast Bank (NASDAQ:NBN) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,538 shares of the financial services provider's stock after purchasing an additional 25,220 shares during the quarter. American Century Companies Inc. owned approximately 2.10% of Northeast Bank worth $15,827,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its holdings in shares of Northeast Bank by 57.6% during the fourth 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 last quarter. R Squared Ltd acquired a new stake in Northeast Bank during the fourth quarter worth about $41,000. Quantbot Technologies LP acquired a new stake in Northeast Bank during the third quarter worth about $76,000. BNP Paribas Financial Markets grew its stake in shares of Northeast Bank by 36.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,647 shares of the financial services provider's stock valued at $127,000 after buying an additional 442 shares during the period. Finally, AlphaQuest LLC grew its position in Northeast Bank by 12,410.5% in the fourth quarter. AlphaQuest LLC now owns 2,377 shares of the financial services provider's stock worth $218,000 after acquiring an additional 2,358 shares during the period.

Wall Street Analysts Forecast Growth

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

Northeast Bank Stock Down 0.8 %

Shares of NBN traded down $0.64 during trading on Friday, reaching $82.63. 79,173 shares of the company traded hands, compared to its average volume of 42,161. The stock has a 50-day simple moving average of $97.22 and a 200-day simple moving average of $93.29. The stock has a market cap of $678.06 million, a PE ratio of 9.62 and a beta of 0.85. Northeast Bank has a twelve month low of $50.02 and a twelve month high of $110.35.

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

Northeast Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.05%. Northeast Bank's dividend payout ratio is presently 0.47%.

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.