Punch & Associates Investment Management Inc. Buys New Stake in Northeast Bancorp $NBN

Posted by George Bondi on Aug 27th, 2026

Punch & Associates Investment Management Inc. purchased a new stake in Northeast Bancorp (NASDAQ:NBN – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the financial services provider’s stock, valued at approximately $1,855,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Northeast Bancorp by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 185 shares of the financial services provider’s stock valued at $25,000 after buying an additional 95 shares during the period. OP Asset Management Ltd acquired a new stake in Northeast Bancorp during the first quarter worth about $33,000. Caitong International Asset Management Co. Ltd grew its holdings in Northeast Bancorp by 36,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 368 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 367 shares during the period. Clearstead Advisors LLC raised its position in Northeast Bancorp by 194.0% during the fourth quarter. Clearstead Advisors LLC now owns 741 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 489 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Northeast Bancorp by 1,071.4% during the fourth quarter. Quadrant Capital Group LLC now owns 820 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 750 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Northeast Bancorp from $145.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Northeast Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northeast Bancorp in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Northeast Bancorp from $128.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Northeast Bancorp has an average rating of “Moderate Buy” and an average target price of $143.50.

View Our Latest Stock Report on NBN

Northeast Bancorp Price Performance

NASDAQ:NBN opened at $129.86 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Northeast Bancorp has a 52 week low of $80.75 and a 52 week high of $142.31. The stock’s 50-day moving average price is $131.11 and its 200-day moving average price is $123.01. The stock has a market capitalization of $1.07 billion, a PE ratio of 10.21 and a beta of 0.58.

Northeast Bancorp (NASDAQ:NBN – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 19.94% and a net margin of 27.91%.

Northeast Bancorp Dividend Announcement

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

About Northeast Bancorp

(Free Report)

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.