Research Analysts Issue Forecasts for NBN Q1 Earnings

Northeast Bancorp (NASDAQ:NBN) – Equities researchers at Keefe, Bruyette & Woods issued their Q1 2027 EPS estimates for Northeast Bancorp in a research report issued to clients and investors on Wednesday, October 21st. Keefe, Bruyette & Woods analyst D. Delmonte anticipates that the financial services provider will post earnings per share of $3.32 for the quarter. Keefe, Bruyette & Woods currently has a “Market Perform” rating and a $136.00 target price on the stock.

NBN has been the topic of several other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northeast Bancorp in a report on Friday, July 31st. Piper Sandler increased their price objective on Northeast Bancorp from $145.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Northeast Bancorp Stock Up 1.2%

Shares of NASDAQ:NBN opened at $128.86 on Friday. The firm has a fifty day moving average price of $128.95 and a two-hundred day moving average price of $127.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.35 and a quick ratio of 1.32. Northeast Bancorp has a one year low of $80.75 and a one year high of $142.31. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.13 and a beta of 0.60.

Northeast Bancorp (NASDAQ:NBN) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.40 by $0.65. The company had revenue of $65.24 million during the quarter, compared to analysts’ expectations of $67.21 million. Northeast Bancorp had a net margin of 27.91% and a return on equity of 19.35%.

Northeast Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Monday, August 10th. Northeast Bancorp’s dividend payout ratio is 0.31%.

Institutional Investors Weigh In On Northeast Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of NBN. Engineers Gate Manager LP purchased a new position in Northeast Bancorp in the 2nd quarter worth approximately $1,109,000. Hingham Institution for Savings bought a new position in shares of Northeast Bancorp in the 2nd quarter worth $1,590,000. Bank of New York Mellon Corp bought a new position in shares of Northeast Bancorp in the 2nd quarter worth $4,747,000. Squarepoint Ops LLC raised its position in shares of Northeast Bancorp by 335.6% during the 2nd quarter. Squarepoint Ops LLC now owns 33,084 shares of the financial services provider’s stock valued at $4,385,000 after buying an additional 25,489 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Northeast Bancorp by 116.3% during the 1st quarter. Quantinno Capital Management LP now owns 28,071 shares of the financial services provider’s stock valued at $3,154,000 after buying an additional 15,096 shares in the last quarter.

About Northeast Bancorp

Northeast Bancorp is the bank holding company for Northeast Bank, a community-focused financial institution headquartered in Lewiston, Maine. Founded in 1872, Northeast Bank provides banking and lending services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposit services. Its lending activities include commercial real estate, commercial and industrial, residential real estate, consumer and municipal loans, as well as construction and other business financing.