Northeast Bank (NBN) Projected to Post Quarterly Earnings on Tuesday

Northeast Bank (NASDAQ:NBN) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.56 per share and revenue of $47.73 million for the quarter.

Northeast Bank Stock Down 0.3 %

Northeast Bank stock opened at $101.20 on Monday. Northeast Bank has a 12-month low of $49.07 and a 12-month high of $105.44. The stock has a 50-day simple moving average of $97.11 and a 200 day simple moving average of $84.32. The stock has a market capitalization of $830.85 million, a price-to-earnings ratio of 13.14 and a beta of 1.08.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods initiated coverage on Northeast Bank in a report on Thursday, November 21st. They set a “market perform” rating and a $102.00 price objective on the stock.

About Northeast Bank

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans.