Northeast Bancorp (NASDAQ:NBN – Get Free Report) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $128.00 to $136.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.90% from the stock’s current price.
NBN has been the subject of a number of other reports. Wall Street Zen downgraded shares of Northeast Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Northeast Bancorp in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Northeast Bancorp has an average rating of “Moderate Buy” and an average target price of $134.50.
View Our Latest Stock Analysis on NBN
Northeast Bancorp Stock Down 4.4%
Northeast Bancorp (NASDAQ:NBN – Get Free Report) last posted its quarterly 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. The business had revenue of $65.24 million during the quarter, compared to analyst estimates of $67.21 million. Northeast Bancorp had a net margin of 25.96% and a return on equity of 18.63%.
Hedge Funds Weigh In On Northeast Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in Northeast Bancorp by 61.3% in the 1st quarter. AQR Capital Management LLC now owns 9,324 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 3,542 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Northeast Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,157 shares of the financial services provider’s stock worth $381,000 after buying an additional 175 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Northeast Bancorp by 15.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 2,765 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 375 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Northeast Bancorp by 12.5% during the first quarter. Goldman Sachs Group Inc. now owns 68,362 shares of the financial services provider’s stock valued at $6,258,000 after acquiring an additional 7,579 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Northeast Bancorp during the first quarter worth $411,000.
More Northeast Bancorp News
Here are the key news stories impacting Northeast Bancorp this week:
- Positive Sentiment: Northeast Bancorp reported fourth-quarter net income of $34.3 million, or $4.05 per diluted share, up from $25.2 million, or $3.00 per share, a year earlier. Full-year net income reached $107.5 million, or $12.74 per share, compared with $83.4 million, or $10.08 per share, in fiscal 2025. Northeast Bank Reports Fourth Quarter Results and Declares Dividend
- Positive Sentiment: Quarterly earnings exceeded the $3.40 analyst consensus by $0.65. Management also highlighted robust loan growth and approximately $1.5 billion in additional loan capacity, supporting the outlook for future balance-sheet expansion. Northeast Bank Q4 2026 Earnings Call Highlights
- Positive Sentiment: Operating efficiency and asset quality remained strong. An analysis cited a 35.98% efficiency ratio and 0.67% nonperforming assets, reinforcing the bank’s profitability and credit-quality profile. Northeast Bank: Incredibly Efficient, Priced For Perfection
- Neutral Sentiment: The board declared a quarterly dividend of $0.01 per share, payable August 24 to shareholders of record August 10. The payout provides limited income support, with an effectively negligible yield. Dividend announcement
- Negative Sentiment: Revenue of $65.24 million fell short of the $67.21 million consensus estimate, suggesting that the substantial EPS beat may not have been driven by broad-based revenue outperformance. Northeast Bancorp fiscal fourth-quarter earnings
- Negative Sentiment: Analysts and investors have flagged that NBN trades at a historically high premium to tangible book value, leaving less room for execution disappointments. Management’s projected fiscal 2027 tax rate of 28%–29% could also reduce future earnings growth relative to the current period. Northeast Bank fiscal 2027 tax-rate outlook
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.
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