Barclays PLC Raises Holdings in Northeast Bank (NASDAQ:NBN)

Barclays PLC grew its stake in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,331 shares of the financial services provider's stock after buying an additional 3,685 shares during the period. Barclays PLC owned 0.15% of Northeast Bank worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Northeast Bank Trading Down 0.3 %

Shares of NBN stock traded down $0.28 on Friday, reaching $84.87. 49,049 shares of the company's stock were exchanged, compared to its average volume of 43,987. The company's fifty day simple moving average is $88.68 and its 200 day simple moving average is $94.73. The stock has a market capitalization of $696.44 million, a PE ratio of 9.88 and a beta of 0.60. Northeast Bank has a 52 week low of $54.29 and a 52 week high of $110.35.

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

Northeast Bank Announces Dividend

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on shares of Northeast Bank from $102.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, February 10th.

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.