Northeast Bank (NASDAQ:NBN) Shares Sold by Trevian Wealth Management LLC

Trevian Wealth Management LLC trimmed its position in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,851 shares of the financial services provider's stock after selling 2,680 shares during the period. Northeast Bank accounts for 10.3% of Trevian Wealth Management LLC's portfolio, making the stock its 2nd largest holding. Trevian Wealth Management LLC owned 1.85% of Northeast Bank worth $13,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Northeast Bank in the 4th quarter worth $41,000. SG Americas Securities LLC grew its stake in shares of Northeast Bank by 151.9% in the 4th quarter. SG Americas Securities LLC now owns 6,031 shares of the financial services provider's stock worth $553,000 after buying an additional 3,637 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Northeast Bank in the 4th quarter worth $656,000. JPMorgan Chase & Co. grew its stake in shares of Northeast Bank by 136.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,699 shares of the financial services provider's stock worth $2,136,000 after buying an additional 15,975 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Northeast Bank by 278.7% in the 3rd 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.

Northeast Bank Trading Up 1.5 %

Shares of NBN stock traded up $1.47 during trading hours on Thursday, reaching $102.65. 12,972 shares of the stock were exchanged, compared to its average volume of 45,076. Northeast Bank has a 12-month low of $49.07 and a 12-month high of $105.44. The company's 50-day moving average price is $97.04 and its 200-day moving average price is $83.84. The firm has a market capitalization of $842.76 million, a price-to-earnings ratio of 13.34 and a beta of 1.08.

Northeast Bank (NASDAQ:NBN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.34. The company had revenue of $73.97 million for the quarter, compared to the consensus estimate of $38.20 million. During the same quarter in the previous year, the business earned $2.01 EPS.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods initiated coverage on shares of Northeast Bank in a research note on Thursday, November 21st. They issued a "market perform" rating and a $102.00 price objective for the company.

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.