UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in Northeast Bank (NASDAQ:NBN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Northeast Bank (NASDAQ:NBN - Free Report) in the fourth quarter, according to the company in 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 institutional investors have also recently bought and sold shares of NBN. Picton Mahoney Asset Management raised 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 worth $30,000 after purchasing an additional 118 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Northeast Bank in the 4th quarter worth approximately $127,000. KLP Kapitalforvaltning AS bought a new position in Northeast Bank in the 4th quarter worth approximately $128,000. Federated Hermes Inc. raised its position in shares of Northeast Bank by 44.4% during the 4th quarter. Federated Hermes Inc. now owns 1,557 shares of the financial services provider's stock valued at $143,000 after acquiring an additional 479 shares during the last quarter. Finally, Comerica Bank bought a new stake in shares of Northeast Bank during the 4th quarter valued at $192,000.

Northeast Bank Price Performance

Shares of Northeast Bank stock traded down $2.18 on Friday, hitting $83.13. 70,248 shares of the company's stock traded hands, compared to its average volume of 46,024. The firm's 50-day moving average price is $85.29 and its two-hundred day moving average price is $92.66. The stock has a market capitalization of $682.16 million, a PE ratio of 9.68 and a beta of 0.58. Northeast Bank has a one year low of $54.50 and a one year high of $110.35.

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

Northeast Bank Announces Dividend

The firm also recently announced 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%.

Northeast Bank Company 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.