SG Americas Securities LLC boosted its holdings in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 151.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,031 shares of the financial services provider's stock after purchasing an additional 3,637 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Northeast Bank worth $553,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new stake in Northeast Bank in the 4th quarter worth $656,000. JPMorgan Chase & Co. lifted its stake in shares of Northeast Bank by 136.3% in the third quarter. JPMorgan Chase & Co. now owns 27,699 shares of the financial services provider's stock valued at $2,136,000 after buying an additional 15,975 shares during the period. Barclays PLC grew its position in Northeast Bank by 278.7% during the third quarter. Barclays PLC now owns 8,646 shares of the financial services provider's stock worth $666,000 after buying an additional 6,363 shares in the last quarter. Hohimer Wealth Management LLC bought a new position in Northeast Bank during the third quarter valued at about $244,000. Finally, Geode Capital Management LLC raised its holdings in Northeast Bank by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 153,470 shares of the financial services provider's stock valued at $11,840,000 after acquiring an additional 801 shares in the last quarter.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods began coverage on Northeast Bank in a report on Thursday, November 21st. They set a "market perform" rating and a $102.00 price objective on the stock.
View Our Latest Report on Northeast Bank
Northeast Bank Stock Up 2.1 %
Northeast Bank stock traded up $2.13 on Tuesday, hitting $101.83. The company's stock had a trading volume of 30,388 shares, compared to its average volume of 44,990. Northeast Bank has a one year low of $49.07 and a one year high of $105.44. The firm has a market cap of $836.02 million, a P/E ratio of 13.22 and a beta of 1.08. The company has a fifty day moving average price of $97.09 and a 200-day moving average price of $84.65.
Northeast Bank Profile
(
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.
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