Northeast Bank (NASDAQ:NBN) Issues Earnings Results

Northeast Bank (NASDAQ:NBN - Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.60), Zacks reports. The business had revenue of $52.57 million during the quarter, compared to analysts' expectations of $50.09 million.

Northeast Bank Trading Up 3.0 %

Northeast Bank stock traded up $2.46 during trading hours on Friday, reaching $84.49. 14,808 shares of the company were exchanged, compared to its average volume of 43,235. The firm has a market cap of $693.28 million, a price-to-earnings ratio of 9.84 and a beta of 0.85. The stock has a 50-day moving average of $90.46 and a 200 day moving average of $94.74. Northeast Bank has a 12 month low of $53.41 and a 12 month high of $110.35.

Northeast Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Tuesday, May 13th. Northeast Bank's dividend payout ratio (DPR) is presently 0.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on Northeast Bank from $102.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, February 10th.

Northeast Bank Company Profile

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.