Semanteon Capital Management LP Purchases Shares of 8,103 Northeast Bank (NASDAQ:NBN)

Semanteon Capital Management LP bought a new position in shares of Northeast Bank (NASDAQ:NBN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,103 shares of the financial services provider's stock, valued at approximately $743,000. Semanteon Capital Management LP owned approximately 0.10% of Northeast Bank at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NBN. Picton Mahoney Asset Management raised its holdings in Northeast Bank by 57.6% in 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 in the last quarter. BNP Paribas Financial Markets lifted its position 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 worth $127,000 after purchasing an additional 442 shares during the last quarter. R Squared Ltd acquired a new position in Northeast Bank in the fourth quarter worth about $41,000. Foundry Partners LLC increased its holdings in Northeast Bank by 0.9% in the third quarter. Foundry Partners LLC now owns 74,127 shares of the financial services provider's stock valued at $5,717,000 after buying an additional 695 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Northeast Bank by 0.5% during the third quarter. Geode Capital Management LLC now owns 153,470 shares of the financial services provider's stock valued at $11,840,000 after buying an additional 801 shares in the last quarter.

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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 report on Monday, February 10th.

Northeast Bank Trading Down 0.5 %

NASDAQ NBN traded down $0.45 during trading hours on Wednesday, reaching $93.71. The company's stock had a trading volume of 18,353 shares, compared to its average volume of 41,215. The stock has a market cap of $768.98 million, a PE ratio of 10.91 and a beta of 1.06. The business has a 50-day simple moving average of $99.02 and a 200 day simple moving average of $92.27. Northeast Bank has a 52 week low of $50.02 and a 52 week high of $110.35.

Northeast Bank (NASDAQ:NBN - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $2.74 EPS for the quarter, topping the consensus estimate of $2.56 by $0.18.

Northeast Bank Dividend Announcement

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

About Northeast Bank

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.