Northeast Bank (NASDAQ:NBN) Issues Quarterly Earnings Results

Northeast Bank (NASDAQ:NBN) released its quarterly earnings data on Thursday. The financial services provider reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.18, Zacks reports.

Northeast Bank Stock Up 3.0 %

Shares of NASDAQ NBN traded up $3.22 on Friday, hitting $109.56. The company had a trading volume of 59,786 shares, compared to its average volume of 41,878. Northeast Bank has a 12-month low of $49.07 and a 12-month high of $110.35. The firm has a market capitalization of $899.49 million, a P/E ratio of 12.75 and a beta of 1.08. The business has a 50 day moving average of $97.61 and a two-hundred day moving average of $85.43.

Northeast Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Tuesday, February 18th. Northeast Bank’s dividend payout ratio (DPR) is presently 0.47%.

Wall Street Analysts Forecast Growth

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

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.