Invesco Ltd. Has $9.02 Million Holdings in Northeast Bank (NASDAQ:NBN)

Invesco Ltd. boosted its holdings in shares of Northeast Bank (NASDAQ:NBN - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,324 shares of the financial services provider's stock after purchasing an additional 14,427 shares during the quarter. Invesco Ltd. owned about 1.20% of Northeast Bank worth $9,019,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Northeast Bank by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 382,996 shares of the financial services provider's stock worth $35,132,000 after acquiring an additional 19,279 shares during the period. American Century Companies Inc. boosted its position in shares of Northeast Bank by 17.1% in the 4th quarter. American Century Companies Inc. now owns 172,538 shares of the financial services provider's stock valued at $15,827,000 after purchasing an additional 25,220 shares during the period. Geode Capital Management LLC lifted its position in Northeast Bank by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 158,171 shares of the financial services provider's stock worth $14,513,000 after acquiring an additional 4,701 shares during the period. State Street Corp increased its stake in Northeast Bank by 6.3% in the 3rd quarter. State Street Corp now owns 144,591 shares of the financial services provider's stock valued at $11,152,000 after purchasing an additional 8,518 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Northeast Bank by 113.8% in the 4th quarter. JPMorgan Chase & Co. now owns 59,222 shares of the financial services provider's stock valued at $5,432,000 after purchasing an additional 31,523 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their target price on shares of 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 Stock Down 1.9 %

Shares of NBN traded down $1.71 during mid-day trading on Tuesday, hitting $90.70. 744 shares of the company's stock were exchanged, compared to its average volume of 42,722. Northeast Bank has a twelve month low of $51.50 and a twelve month high of $110.35. The stock has a market cap of $744.28 million, a price-to-earnings ratio of 10.56 and a beta of 0.85. The firm has a fifty day moving average of $91.37 and a two-hundred day moving average of $94.87.

Northeast Bank (NASDAQ:NBN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.18.

Northeast Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Tuesday, February 18th. Northeast Bank's dividend payout ratio is currently 0.47%.

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.