Northeast Bancorp (NASDAQ:NBN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $107.05 and traded as high as $130.00. Northeast Bancorp shares last traded at $127.99, with a volume of 93,319 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Northeast Bancorp from $120.00 to $128.00 and gave the company a "market perform" rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Northeast Bancorp in a research note on Monday. Finally, Piper Sandler assumed coverage on shares of Northeast Bancorp in a research note on Monday, March 16th. They set an "overweight" rating and a $133.00 price target on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $130.50.
Get Our Latest Stock Analysis on Northeast Bancorp
Northeast Bancorp Price Performance
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 firm has a market cap of $1.05 billion, a P/E ratio of 10.97 and a beta of 0.59. The stock's 50-day simple moving average is $115.72 and its two-hundred day simple moving average is $107.05.
Northeast Bancorp (NASDAQ:NBN - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $3.53 earnings per share for the quarter, beating analysts' consensus estimates of $3.00 by $0.53. Northeast Bancorp had a net margin of 25.96% and a return on equity of 19.11%. The business had revenue of $66.62 million for the quarter, compared to analysts' expectations of $61.49 million.
Northeast Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Northeast Bancorp's payout ratio is 0.34%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NBN. Earnest Partners LLC bought a new position in Northeast Bancorp during the third quarter valued at $67,225,000. Ampfield Management L.P. bought a new position in Northeast Bancorp during the first quarter valued at $19,500,000. Hotchkis & Wiley Capital Management LLC increased its position in Northeast Bancorp by 237.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 125,851 shares of the financial services provider's stock valued at $12,605,000 after acquiring an additional 88,592 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Northeast Bancorp during the fourth quarter valued at $8,373,000. Finally, Envestnet Asset Management Inc. bought a new position in Northeast Bancorp during the third quarter valued at $4,077,000.
About Northeast Bancorp
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Northeast Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northeast Bancorp wasn't on the list.
While Northeast Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
SpaceX has quietly filed to go public later this year. Ahead of what's expected to be the largest IPO of all time, there are seven space stocks that you can buy today that are positioned to benefit from accelerating space commercialization in 2026.
These seven companies are shaping the next phase of the space economy—from launch leaders and satellite networks to data, defense, and in-space infrastructure.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
