Northeast Bancorp (NASDAQ:NBN – Get Free Report) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be given 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 dividend yield of 0.0%. The ex-dividend date is Monday, August 10th.
Northeast Bancorp has a payout ratio of 0.3% indicating that its dividend is sufficiently covered by earnings.
Northeast Bancorp Trading Down 5.0%
Shares of NASDAQ:NBN opened at $126.46 on Wednesday. The company has a market cap of $1.04 billion, a P/E ratio of 9.94 and a beta of 0.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Northeast Bancorp has a 1 year low of $80.75 and a 1 year high of $142.31. The stock’s fifty day moving average price is $128.11 and its 200-day moving average price is $120.62.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NBN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northeast Bancorp in a report on Monday, May 4th. Wall Street Zen downgraded shares of Northeast Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Northeast Bancorp from $128.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northeast Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.
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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