Trexquant Investment LP Buys Shares of 9,253 Northeast Bank (NASDAQ:NBN)

Trexquant Investment LP bought a new stake in Northeast Bank (NASDAQ:NBN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,253 shares of the financial services provider's stock, valued at approximately $849,000. Trexquant Investment LP owned 0.11% of Northeast Bank at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Northeast Bank by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 382,996 shares of the financial services provider's stock valued at $35,132,000 after acquiring an additional 19,279 shares in the last quarter. American Century Companies Inc. boosted its stake in Northeast Bank by 17.1% during the 4th quarter. American Century Companies Inc. now owns 172,538 shares of the financial services provider's stock valued at $15,827,000 after purchasing an additional 25,220 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Northeast Bank by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 158,171 shares of the financial services provider's stock valued at $14,513,000 after purchasing an additional 4,701 shares during the period. State Street Corp raised its stake in shares of Northeast Bank by 6.3% in the 3rd quarter. State Street Corp now owns 144,591 shares of the financial services provider's stock worth $11,152,000 after buying an additional 8,518 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Northeast Bank by 113.8% in the fourth quarter. JPMorgan Chase & Co. now owns 59,222 shares of the financial services provider's stock valued at $5,432,000 after buying an additional 31,523 shares during the period.

Northeast Bank Trading Up 1.7 %

NBN stock traded up $1.53 on Thursday, hitting $89.00. 13,338 shares of the company's stock traded hands, compared to its average volume of 42,442. The stock has a market cap of $730.33 million, a price-to-earnings ratio of 10.36 and a beta of 0.85. Northeast Bank has a 1-year low of $50.02 and a 1-year high of $110.35. The stock has a fifty day moving average of $93.70 and a 200-day moving average of $93.85.

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

Northeast Bank Announces Dividend

The business also recently declared 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 of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Northeast Bank's dividend payout ratio (DPR) is 0.47%.

Analyst Ratings Changes

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

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.