Northeast Bancorp (NBN) to Distribute Quarterly Dividend of $0.01 on August 24th

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.01 per share by the financial services provider on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Monday, August 10th.

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

Northeast Bancorp Trading Down 0.1%

NASDAQ NBN opened at $133.44 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Northeast Bancorp has a 52 week low of $80.75 and a 52 week high of $142.31. The business has a 50 day moving average price of $128.95 and a 200-day moving average price of $121.57. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.49 and a beta of 0.58.

Northeast Bancorp (NASDAQ:NBN) last issued its earnings results on Monday, July 27th. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.65. Northeast Bancorp had a return on equity of 19.94% and a net margin of 27.91%.The company had revenue of $65.24 million for the quarter, compared to analysts’ expectations of $67.21 million.

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.