3,900 Shares in Northeast Bank (NASDAQ:NBN) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC bought a new position in Northeast Bank (NASDAQ:NBN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,900 shares of the financial services provider's stock, valued at approximately $357,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in 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 acquiring an additional 118 shares in the last quarter. R Squared Ltd bought a new stake in shares of Northeast Bank in the 4th quarter worth $41,000. KLP Kapitalforvaltning AS purchased a new position in shares of Northeast Bank in the fourth quarter worth $128,000. Federated Hermes Inc. lifted its holdings in shares of Northeast Bank by 44.4% during the fourth 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 in the last quarter. Finally, Comerica Bank purchased a new stake in shares of Northeast Bank during the fourth quarter valued at $192,000.

Northeast Bank Trading Up 0.7%

NBN traded up $0.62 during trading on Thursday, hitting $84.20. 30,275 shares of the company traded hands, compared to its average volume of 43,816. The company has a market cap of $690.95 million, a PE ratio of 9.80 and a beta of 0.60. The stock's 50-day simple moving average is $86.59 and its two-hundred day simple moving average is $93.97. Northeast Bank has a 1 year low of $54.50 and a 1 year high of $110.35.

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

Northeast Bank Dividend Announcement

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target 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.

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.