Insider Buying: Richard Wayne Buys 12,618 Shares of Northeast Bancorp Stock (NBN)
Northeast Bancorp (NYSE:NBN) CEO Richard Wayne acquired 12,618 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $9.55 per share, for a total transaction of $120,501.90. Following the transaction, the chief executive officer now directly owns 7,916 shares of the company’s stock, valued at approximately $75,598. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Northeast Bancorp (NYSE:NBN) traded up 0.95% during mid-day trading on Monday, hitting $9.59. 10,719 shares of the company’s stock traded hands. Northeast Bancorp has a 52 week low of $9.08 and a 52 week high of $10.71. The stock has a 50-day moving average of $9.38 and a 200-day moving average of $9.45. The company has a market cap of $97.3 million and a P/E ratio of 36.68.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders 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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