Northeast Bancorp (NASDAQ:NBN) Declares Quarterly Dividend of $0.01

Northeast Bancorp (NASDAQ:NBN - Get Free Report) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Tuesday, May 12th will be given a dividend of 0.01 per share by the financial services provider on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Tuesday, May 12th.

Northeast Bancorp has a payout ratio of 0.3% meaning its dividend is sufficiently covered by earnings.

Northeast Bancorp Price Performance

NBN stock opened at $123.57 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.27 and a quick ratio of 1.24. The business has a 50 day simple moving average of $114.76 and a 200-day simple moving average of $105.86. The firm has a market capitalization of $1.01 billion, a PE ratio of 11.92 and a beta of 0.58. Northeast Bancorp has a 1 year low of $79.05 and a 1 year high of $127.00.

Northeast Bancorp (NASDAQ:NBN - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $3.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.00 by $0.53. The business had revenue of $66.62 million during the quarter, compared to analyst estimates of $61.49 million. Northeast Bancorp had a return on equity of 17.34% and a net margin of 24.16%.

Northeast Bancorp Company Profile

Northeast Bancorp is a Maine-based bank holding company and the parent of Northeast Bank, a state‐chartered commercial bank headquartered in Lewiston, Maine. Through its subsidiary, the company provides a variety of financial services, including personal checking and savings accounts, residential mortgage lending, small business and commercial loans, treasury management and private banking services. The bank operates a branch network spanning central and southern Maine, serving individuals, families and local businesses across the region.

Founded in 1872 as Androscoggin County Savings Bank, the institution has evolved through mutual and stock conversions, adopting the Northeast Bank name in 2001 and forming Northeast Bancorp as its mutual holding company in 2013.

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