Northeast Bancorp (NASDAQ:NBN) – Research analysts at Piper Sandler boosted their Q1 2021 earnings per share (EPS) estimates for shares of Northeast Bancorp in a note issued to investors on Friday, June 26th. Piper Sandler analyst A. Twerdahl now anticipates that the financial services provider will post earnings of $0.61 per share for the quarter, up from their prior forecast of $0.57. Piper Sandler also issued estimates for Northeast Bancorp’s Q2 2021 earnings at $0.70 EPS, Q3 2021 earnings at $0.66 EPS, Q4 2021 earnings at $0.70 EPS, Q1 2022 earnings at $0.74 EPS and Q2 2022 earnings at $0.82 EPS.

Separately, ValuEngine cut shares of Northeast Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd.

Northeast Bancorp stock opened at $16.68 on Monday. The firm has a market cap of $142.92 million, a price-to-earnings ratio of 14.02 and a beta of 1.72. Northeast Bancorp has a 1 year low of $6.20 and a 1 year high of $23.98. The firm’s 50 day moving average price is $16.61 and its two-hundred day moving average price is $17.37.

Northeast Bancorp (NASDAQ:NBN) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.18). The firm had revenue of $17.18 million for the quarter, compared to the consensus estimate of $17.20 million. Northeast Bancorp had a return on equity of 12.98% and a net margin of 12.27%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in shares of Northeast Bancorp by 2,045.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,545 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,473 shares in the last quarter. Citigroup Inc. lifted its position in shares of Northeast Bancorp by 122.6% during the first quarter. Citigroup Inc. now owns 3,855 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 2,123 shares in the last quarter. Barclays PLC lifted its position in shares of Northeast Bancorp by 122.6% during the fourth quarter. Barclays PLC now owns 8,370 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 4,610 shares in the last quarter. UBS Group AG lifted its position in shares of Northeast Bancorp by 79.7% during the fourth quarter. UBS Group AG now owns 11,478 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 5,089 shares in the last quarter. Finally, Magnolia Group LLC acquired a new position in shares of Northeast Bancorp during the first quarter worth approximately $330,000. 59.39% of the stock is currently owned by institutional investors and hedge funds.

Northeast Bancorp Company Profile

Northeast Bancorp operates as the bank holding company for Northeast Bank that provides banking products and services to individual and corporate customers in the United States. The company's deposit products include noninterest-bearing demand deposit, savings, NOW, and money market accounts, as well as certificate of deposit accounts.

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Earnings History and Estimates for Northeast Bancorp (NASDAQ:NBN)

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