3,910 Shares in Northeast Bancorp (NASDAQ:NBN) Acquired by Alps Advisors Inc.

Alps Advisors Inc. purchased a new position in Northeast Bancorp (NASDAQ:NBN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,910 shares of the financial services provider's stock, valued at approximately $358,000.

Several other institutional investors have also modified their holdings of NBN. Royce & Associates LP acquired a new stake in Northeast Bancorp during the fourth quarter valued at approximately $4,820,000. Allspring Global Investments Holdings LLC acquired a new stake in Northeast Bancorp during the first quarter worth about $220,000. Citadel Advisors LLC acquired a new stake in shares of Northeast Bancorp during the 4th quarter worth approximately $3,114,000. Northern Trust Corp raised its position in shares of Northeast Bancorp by 10.3% during the 4th quarter. Northern Trust Corp now owns 66,139 shares of the financial services provider's stock worth $6,067,000 after purchasing an additional 6,160 shares during the period. Finally, Millennium Management LLC raised its position in shares of Northeast Bancorp by 38.3% during the 4th quarter. Millennium Management LLC now owns 17,893 shares of the financial services provider's stock worth $1,641,000 after purchasing an additional 4,956 shares during the period.

Northeast Bancorp Stock Performance

NASDAQ NBN traded down $0.05 during trading hours on Friday, hitting $95.89. The company had a trading volume of 5,017 shares, compared to its average volume of 53,603. Northeast Bancorp has a fifty-two week low of $61.74 and a fifty-two week high of $110.35. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $87.26 and a 200-day simple moving average of $91.72. The firm has a market cap of $787.25 million, a P/E ratio of 10.61 and a beta of 0.59.

Northeast Bancorp (NASDAQ:NBN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.60). Northeast Bancorp had a net margin of 22.84% and a return on equity of 17.46%. The business had revenue of $52.57 million for the quarter, compared to the consensus estimate of $50.09 million.

Northeast Bancorp Dividend Announcement

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

Northeast Bancorp 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.