UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $370,000 in Northeast Bank (NASDAQ:NBN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Northeast Bank (NASDAQ:NBN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,031 shares of the financial services provider's stock, valued at approximately $370,000.

Several other large investors also recently bought and sold shares of NBN. Western Standard LLC grew its holdings in Northeast Bank by 31.5% during the 4th quarter. Western Standard LLC now owns 44,858 shares of the financial services provider's stock valued at $4,115,000 after buying an additional 10,742 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Northeast Bank during the fourth quarter worth about $731,000. Tidal Investments LLC purchased a new position in shares of Northeast Bank during the fourth quarter valued at approximately $263,000. Point72 Asset Management L.P. acquired a new stake in Northeast Bank during the fourth quarter worth approximately $127,000. Finally, Nuveen Asset Management LLC grew its stake in Northeast Bank by 0.4% in 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.

Northeast Bank Stock Down 0.1%

Shares of NBN stock traded down $0.11 during mid-day trading on Thursday, hitting $85.31. 66,241 shares of the company's stock were exchanged, compared to its average volume of 45,680. The stock has a market cap of $700.05 million, a price-to-earnings ratio of 9.93 and a beta of 0.58. The stock has a 50-day simple moving average of $85.28 and a two-hundred day simple moving average of $92.92. Northeast Bank has a fifty-two week low of $54.50 and a fifty-two week high of $110.35.

Northeast Bank (NASDAQ:NBN - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $50.09 million.

Northeast Bank Announces Dividend

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

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.