Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Northeast Bancorp (NASDAQ:NBN - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,249 shares of the financial services provider's stock after purchasing an additional 6,313 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.41% of Northeast Bancorp worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AlphaQuest LLC lifted its stake in Northeast Bancorp by 95.0% during the first quarter. AlphaQuest LLC now owns 4,634 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 2,257 shares during the last quarter. Wellington Management Group LLP grew its position in Northeast Bancorp by 5.2% in the first quarter. Wellington Management Group LLP now owns 117,123 shares of the financial services provider's stock worth $10,721,000 after buying an additional 5,752 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Northeast Bancorp by 11.4% in the first quarter. American Century Companies Inc. now owns 192,279 shares of the financial services provider's stock valued at $17,601,000 after buying an additional 19,741 shares in the last quarter. Boston Partners lifted its position in shares of Northeast Bancorp by 1.0% during the 1st quarter. Boston Partners now owns 266,664 shares of the financial services provider's stock valued at $24,353,000 after acquiring an additional 2,687 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Northeast Bancorp by 2.4% during the 1st quarter. Russell Investments Group Ltd. now owns 51,751 shares of the financial services provider's stock worth $4,737,000 after acquiring an additional 1,203 shares in the last quarter.
Northeast Bancorp Stock Performance
Shares of NASDAQ NBN opened at $110.31 on Wednesday. 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 stock has a market capitalization of $905.65 million, a price-to-earnings ratio of 10.94 and a beta of 0.58. The stock's fifty day simple moving average is $95.98 and its 200 day simple moving average is $91.87. Northeast Bancorp has a 52-week low of $65.55 and a 52-week high of $110.81.
Northeast Bancorp (NASDAQ:NBN - Get Free Report) last announced its earnings results on Monday, July 28th. The financial services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.54 by $0.46. Northeast Bancorp had a return on equity of 19.19% and a net margin of 23.77%.The business had revenue of $62.70 million during the quarter, compared to the consensus estimate of $56.50 million.
Northeast Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Northeast Bancorp's dividend payout ratio is currently 0.40%.
Northeast Bancorp Company Profile
(
Free Report)
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.
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