Northeast Bank (NASDAQ:NBN - Get Free Report) saw an uptick in trading volume on Thursday . 52,580 shares changed hands during mid-day trading, an increase of 21% from the previous session's volume of 43,581 shares.The stock last traded at $83.33 and had previously closed at $85.70.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods increased their target price on Northeast Bank from $102.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th.
Read Our Latest Research Report on Northeast Bank
Northeast Bank Stock Down 0.8%
The business has a 50 day simple moving average of $86.38 and a two-hundred day simple moving average of $93.78. The firm has a market cap of $685.28 million, a PE ratio of 9.72 and a beta of 0.60.
Northeast Bank (NASDAQ:NBN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.60). The firm had revenue of $52.57 million during the quarter, compared to analysts' expectations of $50.09 million.
Northeast Bank Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.05%. Northeast Bank's dividend payout ratio is currently 0.44%.
Hedge Funds Weigh In On Northeast Bank
Several institutional investors have recently made changes to their positions in NBN. Nuveen LLC purchased a new position in shares of Northeast Bank during the first quarter valued at $8,089,000. Royce & Associates LP purchased a new position in shares of Northeast Bank during the fourth quarter valued at $4,820,000. GW&K Investment Management LLC grew its stake in Northeast Bank by 31.7% in the first quarter. GW&K Investment Management LLC now owns 166,672 shares of the financial services provider's stock valued at $15,257,000 after purchasing an additional 40,145 shares during the last quarter. Congress Wealth Management LLC DE purchased a new position in Northeast Bank in the fourth quarter valued at about $3,183,000. Finally, Citadel Advisors LLC purchased a new position in Northeast Bank in the fourth quarter valued at about $3,114,000.
About Northeast Bank
(
Get Free Report)
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.
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