Trevian Wealth Management LLC Sells 2,680 Shares of Northeast Bank (NASDAQ:NBN)

Trevian Wealth Management LLC cut its position in shares of Northeast Bank (NASDAQ:NBN) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,851 shares of the financial services provider’s stock after selling 2,680 shares during the period. Northeast Bank accounts for 10.3% of Trevian Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Trevian Wealth Management LLC owned 1.85% of Northeast Bank worth $13,929,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Northeast Bank in the 4th quarter valued at about $41,000. Quantbot Technologies LP acquired a new position in Northeast Bank in the 3rd quarter valued at about $76,000. BNP Paribas Financial Markets grew its stake in Northeast Bank by 36.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,647 shares of the financial services provider’s stock valued at $127,000 after buying an additional 442 shares during the last quarter. SG Americas Securities LLC acquired a new position in Northeast Bank in the 3rd quarter valued at about $185,000. Finally, Hohimer Wealth Management LLC acquired a new position in Northeast Bank in the 3rd quarter valued at about $244,000.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods assumed coverage on shares of Northeast Bank in a research note on Thursday, November 21st. They issued a “market perform” rating and a $102.00 price target on the stock.

Northeast Bank Trading Down 0.1 %

Shares of Northeast Bank stock opened at $101.18 on Thursday. The company has a market cap of $830.28 million, a PE ratio of 13.14 and a beta of 1.08. The company has a 50 day moving average of $96.96 and a 200-day moving average of $83.72. Northeast Bank has a 1-year low of $49.07 and a 1-year high of $105.44.

Northeast Bank (NASDAQ:NBN) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.77 by $0.34. The company had revenue of $73.97 million during the quarter, compared to the consensus estimate of $38.20 million. During the same period in the previous year, the company earned $2.01 EPS.

Northeast Bank Company Profile

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.