Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 7,300 Northeast Bank (NASDAQ:NBN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Northeast Bank (NASDAQ:NBN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,300 shares of the financial services provider's stock, valued at approximately $670,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Northeast Bank as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Northeast Bank by 57.6% in the fourth quarter. Picton Mahoney Asset Management now owns 323 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 118 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Northeast Bank in the fourth quarter valued at about $127,000. KLP Kapitalforvaltning AS purchased a new position in shares of Northeast Bank in the fourth quarter valued at about $128,000. Federated Hermes Inc. increased its position in shares of Northeast Bank by 44.4% in the fourth 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 period. Finally, Comerica Bank purchased a new position in shares of Northeast Bank in the fourth quarter valued at about $192,000.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Northeast Bank from $102.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, February 10th.

Northeast Bank Stock Performance

Shares of NASDAQ NBN traded up $2.53 during midday trading on Friday, hitting $83.18. 72,111 shares of the company traded hands, compared to its average volume of 44,929. The firm has a market cap of $682.58 million, a P/E ratio of 9.68 and a beta of 0.60. Northeast Bank has a 12-month low of $54.50 and a 12-month high of $110.35. The stock has a 50-day moving average price of $85.32 and a 200 day moving average price of $93.20.

Northeast Bank (NASDAQ:NBN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.60). The business had revenue of $52.57 million for the quarter, compared to analyst estimates of $50.09 million.

Northeast Bank Dividend Announcement

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