Northeast Bancorp $NBN Stock Position Lessened by Trevian Wealth Management LLC

Trevian Wealth Management LLC lessened its holdings in Northeast Bancorp (NASDAQ:NBN) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 140,583 shares of the financial services provider’s stock after selling 9,549 shares during the quarter. Northeast Bancorp comprises 6.9% of Trevian Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Trevian Wealth Management LLC’s holdings in Northeast Bancorp were worth $14,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Earnest Partners LLC purchased a new stake in shares of Northeast Bancorp in the third quarter valued at about $67,225,000. Vanguard Group Inc. lifted its stake in shares of Northeast Bancorp by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 434,490 shares of the financial services provider’s stock valued at $45,157,000 after buying an additional 9,926 shares during the period. Boston Partners lifted its stake in shares of Northeast Bancorp by 0.4% during the third quarter. Boston Partners now owns 271,711 shares of the financial services provider’s stock valued at $27,018,000 after buying an additional 1,029 shares during the period. American Century Companies Inc. lifted its stake in shares of Northeast Bancorp by 8.5% during the third quarter. American Century Companies Inc. now owns 220,712 shares of the financial services provider’s stock valued at $22,107,000 after buying an additional 17,344 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Northeast Bancorp by 13.5% during the third quarter. Kennedy Capital Management LLC now owns 204,112 shares of the financial services provider’s stock valued at $20,444,000 after buying an additional 24,327 shares during the period.

Northeast Bancorp Stock Performance

Shares of NBN opened at $118.32 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.24 and a current ratio of 1.13. The company has a market capitalization of $971.41 million, a price-to-earnings ratio of 10.14 and a beta of 0.59. The company’s 50 day simple moving average is $116.78 and its 200 day simple moving average is $108.23. Northeast Bancorp has a 1 year low of $79.05 and a 1 year high of $135.62.

Northeast Bancorp (NASDAQ:NBN) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $3.53 EPS for the quarter, topping the consensus estimate of $3.00 by $0.53. The firm had revenue of $66.62 million during the quarter, compared to analyst estimates of $61.49 million. Northeast Bancorp had a net margin of 25.96% and a return on equity of 18.63%.

Northeast Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Northeast Bancorp’s dividend payout ratio (DPR) is currently 0.34%.

Analyst Ratings Changes

NBN has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Northeast Bancorp in a research note on Monday, May 4th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Piper Sandler initiated coverage on shares of Northeast Bancorp in a research note on Monday, March 16th. They set an “overweight” rating and a $133.00 price objective on the stock. Two analysts have 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 target price of $130.50.

Northeast Bancorp Company Profile

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.