Northeast Bank (NASDAQ:NBN) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,877 shares of the financial services provider's stock after selling 10,242 shares during the quarter. Two Sigma Investments LP owned about 0.16% of Northeast Bank worth $1,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Picton Mahoney Asset Management grew its stake 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 worth $30,000 after purchasing an additional 118 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Northeast Bank by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,433 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 186 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Northeast Bank by 2.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,633 shares of the financial services provider's stock valued at $608,000 after purchasing an additional 187 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Northeast Bank by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 57,181 shares of the financial services provider's stock worth $5,245,000 after acquiring an additional 238 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Northeast Bank by 10.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,982 shares of the financial services provider's stock worth $365,000 after acquiring an additional 388 shares during the period.

Northeast Bank Price Performance

Shares of Northeast Bank stock traded up $2.53 on Friday, reaching $83.18. 72,111 shares of the company were exchanged, compared to its average volume of 44,929. Northeast Bank has a 1-year low of $54.50 and a 1-year high of $110.35. The company has a market cap of $682.58 million, a P/E ratio of 9.68 and a beta of 0.58. The stock's 50 day moving average price is $85.32 and its 200-day moving average price is $93.17.

Northeast Bank (NASDAQ:NBN - Get Free Report) last posted 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). The company had revenue of $52.57 million during the quarter, compared to analysts' expectations of $50.09 million.

Northeast Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid 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 was Tuesday, May 13th. Northeast Bank's dividend payout ratio (DPR) is presently 0.44%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price objective on Northeast Bank from $102.00 to $115.00 and gave the stock a "market perform" rating in a research report 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.