Northeast Bank (NASDAQ:NBN - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.01 per share by the financial services provider on Tuesday, March 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Tuesday, February 18th.
Northeast Bank has a payout ratio of 0.3% indicating that its dividend is sufficiently covered by earnings.
Northeast Bank Price Performance
Shares of NASDAQ NBN traded down $2.63 during midday trading on Monday, reaching $106.93. 73,759 shares of the company traded hands, compared to its average volume of 46,222. The stock has a 50-day moving average price of $97.61 and a 200 day moving average price of $85.64. The company has a market cap of $877.90 million, a price-to-earnings ratio of 12.45 and a beta of 1.08. Northeast Bank has a 52 week low of $49.07 and a 52 week high of $110.35.
Northeast Bank (NASDAQ:NBN - Get Free Report) last issued its quarterly earnings results 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.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lifted their price target on Northeast Bank from $102.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday.
View Our Latest Report on Northeast Bank
About Northeast Bank
(
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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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