Virtu Financial LLC Buys New Shares in Northeast Bank (NASDAQ:NBN)

Virtu Financial LLC acquired a new position in shares of Northeast Bank (NASDAQ:NBN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,916 shares of the financial services provider's stock, valued at approximately $267,000.

Several other large investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management grew its holdings in shares of Northeast Bank by 57.6% in 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 period. R Squared Ltd acquired a new stake in Northeast Bank in the fourth quarter valued at $41,000. Quantbot Technologies LP purchased a new position in shares of Northeast Bank in the third quarter valued at $76,000. BNP Paribas Financial Markets raised its stake in shares of Northeast Bank by 36.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,647 shares of the financial services provider's stock worth $127,000 after buying an additional 442 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Northeast Bank by 12,410.5% in the 4th quarter. AlphaQuest LLC now owns 2,377 shares of the financial services provider's stock worth $218,000 after buying an additional 2,358 shares in the last quarter.

Northeast Bank Trading Up 0.6 %

Shares of NASDAQ NBN traded up $0.55 during midday trading on Wednesday, reaching $91.44. 43,758 shares of the stock were exchanged, compared to its average volume of 41,877. The company has a market capitalization of $750.36 million, a P/E ratio of 10.64 and a beta of 1.06. The stock has a 50 day moving average price of $97.94 and a 200-day moving average price of $93.11. 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 released 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 Announces Dividend

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective 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.

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.