Shares of Northeast Bancorp (NASDAQ:NBN - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $93.74 and traded as low as $91.99. Northeast Bancorp shares last traded at $92.57, with a volume of 74,489 shares trading hands.
Analysts Set New Price Targets
A number of analysts have commented on NBN shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Northeast Bancorp in a report on Saturday, September 27th. Wall Street Zen raised shares of Northeast Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.00.
Check Out Our Latest Stock Report on Northeast Bancorp
Northeast Bancorp Stock Up 1.2%
The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 1.23. The business's 50 day simple moving average is $103.85 and its 200 day simple moving average is $93.74. The company has a market capitalization of $760.00 million, a PE ratio of 9.18 and a beta of 0.60.
Northeast Bancorp (NASDAQ:NBN - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.54 by $0.46. The business had revenue of $62.70 million for the quarter, compared to the consensus estimate of $56.50 million. Northeast Bancorp had a net margin of 23.77% and a return on equity of 18.56%.
Northeast Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 25th. Northeast Bancorp's payout ratio is 0.40%.
Institutional Investors Weigh In On Northeast Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in NBN. CWM LLC raised its stake in shares of Northeast Bancorp by 136.8% in the 1st quarter. CWM LLC now owns 438 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 253 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Northeast Bancorp by 19.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,717 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 279 shares during the period. Quantbot Technologies LP raised its stake in shares of Northeast Bancorp by 110.9% in the 2nd quarter. Quantbot Technologies LP now owns 2,255 shares of the financial services provider's stock valued at $201,000 after acquiring an additional 1,186 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Northeast Bancorp in the 2nd quarter valued at approximately $202,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Northeast Bancorp in the 2nd quarter valued at approximately $208,000.
About Northeast Bancorp
(
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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.
Further Reading
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