Northeast Bank (NBN) Stock Price, News & Analysis

Company Overview

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. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Further, it provides various services, such as money market, merchant, and payroll and HR. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.

Key Stats

• Today's Range: $96.71 to $99.00
• 50-Day Range: $67.53 to $103.33
• 52-Week Range: $49.07 to $105.44
• Volume: 20,869 shs
• Average Volume: 33,678 shs
• Market Capitalization: N/A
• P/E Ratio: 12.86
• Dividend Yield: 0.04%
• Price Target: $91.00
• Consensus Rating: Moderate Buy

Northeast Bank Stock Analysis - MarketRank™

Northeast Bank scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Northeast Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Northeast Bank has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Northeast Bank is 12.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northeast Bank is 12.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.52.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.68% of the float of Northeast Bank has been sold short.

Short Interest Ratio / Days to Cover

Northeast Bank has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northeast Bank has recently decreased by 29.71%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Northeast Bank has a dividend yield of 0.04%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Northeast Bank does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Northeast Bank is 0.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.58

Percentage of Shares Shorted

0.68% of the float of Northeast Bank has been sold short.

Short Interest Ratio / Days to Cover

Northeast Bank has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northeast Bank has recently decreased by 29.71%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.17

News Sentiment

Northeast Bank has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Northeast Bank this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Northeast Bank insiders have not sold or bought any company stock.

Percentage Held by Insiders

14.22% of the stock of Northeast Bank is held by insiders. A high percentage of insider ownership can be a sign of company health.

NBN Stock Analysis - Frequently Asked Questions

How have NBN shares performed this year?

Northeast Bank's stock was trading at $55.19 at the start of the year. Since then, NBN shares have increased by 78.6% and is now trading at $98.59.
View the best growth stocks for 2024 here.

How were Northeast Bank's earnings last quarter?

Northeast Bank (NASDAQ:NBN) posted its earnings results on Tuesday, October, 29th. The financial services provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.34. The financial services provider earned $73.97 million during the quarter, compared to analyst estimates of $38.20 million.

Who are Northeast Bank's major shareholders?

Top institutional investors of Northeast Bank include Wellington Management Group LLP, Geode Capital Management LLC, State Street Corp and Foundry Partners LLC.
View institutional ownership trends.

How do I buy shares of Northeast Bank?

Shares of NBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Northeast Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northeast Bank investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 8/23 Dividend: 8/09/2024
• Dividend Payable: 8/23/2024
• Last Earnings: 10/29/2024
• Ex-Dividend for 11/26 Dividend: 11/12/2024
• Today: 11/21/2024
• Dividend Payable: 11/26/2024
• Next Earnings (Estimated): 2/04/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:NBN
• CUSIP: N/A
• CIK: 811831
• Web: www.northeastbank.com
• Phone: (207) 786-3245
• Fax: 207-777-6410
• Employees: 180
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $91.00
• High Stock Price Target: $102.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: -7.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.70
• Trailing P/E Ratio: 12.80
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $58.23 million
• Net Margins: 21.94%
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $263.77 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: 1.05