Northeast Bancorp (NBN) To Go Ex-Dividend on February 11th

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Monday, January 26th. Shareholders of record on Wednesday, February 11th will be paid a dividend of 0.01 per share by the financial services provider on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Wednesday, February 11th.

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

Northeast Bancorp Trading Up 2.9%

Shares of NBN stock opened at $125.34 on Monday. The company has a market cap of $1.03 billion, a P/E ratio of 12.09 and a beta of 0.57. Northeast Bancorp has a fifty-two week low of $78.17 and a fifty-two week high of $126.25. The stock has a 50 day simple moving average of $107.54 and a two-hundred day simple moving average of $101.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

Northeast Bancorp (NASDAQ:NBN) last released its earnings results on Monday, January 26th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $51.77 million for the quarter, compared to the consensus estimate of $54.83 million. Northeast Bancorp had a net margin of 24.16% and a return on equity of 17.73%.

Hedge Funds Weigh In On Northeast Bancorp

Hedge funds have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC lifted its holdings in Northeast Bancorp by 5.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 127,330 shares of the financial services provider’s stock worth $13,233,000 after acquiring an additional 6,339 shares during the period. UBS Group AG grew its stake in Northeast Bancorp by 47.9% in the 4th quarter. UBS Group AG now owns 61,429 shares of the financial services provider’s stock valued at $6,384,000 after purchasing an additional 19,908 shares during the period. Vanguard Group Inc. increased its position in shares of Northeast Bancorp by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 434,490 shares of the financial services provider’s stock valued at $45,157,000 after purchasing an additional 9,926 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Northeast Bancorp by 428.4% during the 4th quarter. State of Alaska Department of Revenue now owns 1,638 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Northeast Bancorp during the 4th quarter worth $202,000.

About Northeast Bancorp

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.