Barclays PLC Has $1.13 Million Stock Holdings in Northeast Bank (NASDAQ:NBN)

Barclays PLC increased its position in Northeast Bank (NASDAQ:NBN - Free Report) by 42.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,331 shares of the financial services provider's stock after purchasing an additional 3,685 shares during the quarter. Barclays PLC owned approximately 0.15% of Northeast Bank worth $1,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NBN. Picton Mahoney Asset Management boosted its stake 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 valued at $30,000 after purchasing an additional 118 shares during the last quarter. R Squared Ltd bought a new position in Northeast Bank in the fourth quarter valued at approximately $41,000. KLP Kapitalforvaltning AS acquired a new stake in Northeast Bank during the 4th quarter worth $128,000. Federated Hermes Inc. raised its position in shares of Northeast Bank by 44.4% during the 4th quarter. Federated Hermes Inc. now owns 1,557 shares of the financial services provider's stock valued at $143,000 after acquiring an additional 479 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake 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 valued at $201,000 after purchasing an additional 1,200 shares during the period.

Analysts Set New Price Targets

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 note on Monday, February 10th.

Northeast Bank Price Performance

Northeast Bank stock opened at $83.57 on Monday. The firm has a market capitalization of $685.78 million, a price-to-earnings ratio of 9.73 and a beta of 0.60. The company's 50 day simple moving average is $90.15 and its 200 day simple moving average is $94.84. Northeast Bank has a fifty-two week low of $53.69 and a fifty-two week high of $110.35.

Northeast Bank (NASDAQ:NBN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.60). The firm had revenue of $52.57 million for the quarter, compared to the consensus estimate of $50.09 million.

Northeast Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. Northeast Bank's payout ratio is 0.44%.

Northeast Bank 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.

Want to see what other hedge funds are holding NBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northeast Bank (NASDAQ:NBN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.