Northeast Bancorp CEO Acquires $115,079 in Stock (NBN)
Northeast Bancorp (NYSE:NBN) CEO Richard Wayne purchased 12,152 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $9.47 per share, for a total transaction of $115,079.44. Following the transaction, the chief executive officer now directly owns 7,916 shares of the company’s stock, valued at approximately $74,965. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Northeast Bancorp (NYSE:NBN) traded down 0.39% during mid-day trading on Thursday, hitting $9.52. 10,112 shares of the company’s stock traded hands. Northeast Bancorp has a 52-week low of $9.08 and a 52-week high of $10.79. The stock’s 50-day moving average is $9.38 and its 200-day moving average is $9.45. The company has a market cap of $96.5 million and a P/E ratio of 36.90.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, August 5th.
Northeast Bancorp (NYSE:NBN) is a bank holding company.
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