Vanguard Group Inc. Buys 19,279 Shares of Northeast Bank (NASDAQ:NBN)

Vanguard Group Inc. boosted its holdings in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 382,996 shares of the financial services provider's stock after buying an additional 19,279 shares during the period. Vanguard Group Inc. owned approximately 4.66% of Northeast Bank worth $35,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management lifted its holdings in shares of Northeast Bank by 57.6% during the 4th quarter. Picton Mahoney Asset Management now owns 323 shares of the financial services provider's stock worth $30,000 after acquiring an additional 118 shares during the last quarter. R Squared Ltd purchased a new stake in Northeast Bank during the fourth quarter valued at about $41,000. BNP Paribas Financial Markets lifted its stake in 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. KLP Kapitalforvaltning AS bought a new stake in Northeast Bank during the fourth quarter worth about $128,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Northeast Bank by 121.2% in the 4th quarter. Quantbot Technologies LP now owns 2,190 shares of the financial services provider's stock worth $201,000 after purchasing an additional 1,200 shares in the last quarter.

Northeast Bank Price Performance

Northeast Bank stock traded up $1.59 during mid-day trading on Friday, hitting $89.06. The company's stock had a trading volume of 47,418 shares, compared to its average volume of 42,758. The business has a 50 day moving average price of $92.97 and a 200-day moving average price of $94.02. Northeast Bank has a 12 month low of $50.45 and a 12 month high of $110.35. The stock has a market cap of $730.83 million, a price-to-earnings ratio of 10.37 and a beta of 0.85.

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

Northeast Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Tuesday, February 18th. Northeast Bank's dividend payout ratio (DPR) is presently 0.47%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their target price on Northeast Bank from $102.00 to $115.00 and gave the stock a "market perform" rating in a research 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.