Northeast Bancorp (NASDAQ:NBN) Plans $0.01 Quarterly Dividend

Key Points

• Northeast Bancorp has declared a quarterly dividend of $0.01 per share, with an annualized yield of 0.04%, to be paid on October 9th to investors of record as of September 25th.
• The company reported earnings of $3.00 EPS for the quarter, surpassing analysts' estimates, with a return on equity of 17.46% and a net margin of 22.84%.
• Northeast Bancorp's stock has a market capitalization of approximately $801.79 million, with a current trading price of $97.66 and a P/E ratio of 10.86.

Northeast Bancorp (NASDAQ:NBN - Get Free Report) announced a quarterly dividend on Monday, July 28th, RTT News reports. Shareholders of record on Thursday, September 25th will be given a dividend of 0.01 per share by the financial services provider on Thursday, October 9th. This represents a c) annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 25th.

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

Northeast Bancorp Stock Performance

Northeast Bancorp stock traded down $5.38 during trading hours on Friday, hitting $93.79. 72,680 shares of the stock traded hands, compared to its average volume of 61,913. Northeast Bancorp has a 1 year low of $61.74 and a 1 year high of $110.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.25 and a quick ratio of 1.23. The stock has a market capitalization of $769.66 million, a price-to-earnings ratio of 9.30 and a beta of 0.59. The firm's 50 day moving average price is $89.69 and its 200-day moving average price is $92.07.

Northeast Bancorp (NASDAQ:NBN - Get Free Report) last issued its earnings results on Monday, July 28th. The financial services provider reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.46. The firm had revenue of $62.70 million for the quarter, compared to the consensus estimate of $56.50 million. Northeast Bancorp had a return on equity of 19.19% and a net margin of 23.77%.

About Northeast Bancorp

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.