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Northeast Bancorp (NYSE:NBN) CEO Richard Wayne bought 12,618 shares of Northeast Bancorp stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $9.55 per share, for a total transaction of $120,501.90. Following the completion of the transaction, the chief executive officer now directly owns 7,916 shares in the company, valued at approximately $75,598. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Northeast Bancorp (NYSE:NBN) opened at 9.49 on Wednesday. Northeast Bancorp has a 52 week low of $9.08 and a 52 week high of $10.67. 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 $96.2 million and a price-to-earnings ratio of 36.64.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders 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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