Insider Buying: Northeast Bancorp CEO Buys 12,152 Shares of Stock (NBN)
Northeast Bancorp (NYSE:NBN) CEO Richard Wayne bought 12,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $9.47 per share, with a total value of $115,079.44. Following the purchase, the chief executive officer now directly owns 7,916 shares of the company’s stock, valued at approximately $74,965. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Northeast Bancorp (NYSE:NBN) opened at 9.50 on Monday. Northeast Bancorp has a 1-year low of $9.08 and a 1-year high of $10.71. 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 $96.3 million and a P/E ratio of 36.76.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, August 5th.
Northeast Bancorp (NYSE:NBN) is a bank holding company.
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