Macquarie Group Ltd. bought a new stake in Northeast Bancorp (NASDAQ:NBN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,592 shares of the financial services provider’s stock, valued at approximately $225,000. Macquarie Group Ltd. owned approximately 0.11% of Northeast Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in NBN. Russell Investments Group Ltd. increased its stake in shares of Northeast Bancorp by 16.7% in the second quarter. Russell Investments Group Ltd. now owns 118,873 shares of the financial services provider’s stock valued at $2,419,000 after buying an additional 16,973 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Northeast Bancorp in the second quarter valued at $120,000. Trexquant Investment LP acquired a new stake in shares of Northeast Bancorp in the second quarter valued at $204,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Northeast Bancorp in the second quarter valued at $257,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Northeast Bancorp in the second quarter valued at $500,000. Institutional investors own 52.32% of the company’s stock.

Shares of Northeast Bancorp (NASDAQ NBN) opened at $24.55 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $197.07, a PE ratio of 14.70 and a beta of 0.28. Northeast Bancorp has a 12-month low of $12.10 and a 12-month high of $29.95.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a $0.01 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. Northeast Bancorp’s payout ratio is 2.37%.

In related news, Director Julie Jenkins sold 4,000 shares of Northeast Bancorp stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $25.35, for a total value of $101,400.00. Following the completion of the sale, the director now directly owns 21,955 shares in the company, valued at $556,559.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.38% of the stock is owned by company insiders.

Separately, ValuEngine lowered Northeast Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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About Northeast Bancorp

Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.

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Institutional Ownership by Quarter for Northeast Bancorp (NASDAQ:NBN)

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