Northeast Bancorp (NASDAQ:NBN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Northeast Bancorp (NASDAQ:NBN) opened at 19.95 on Friday. The stock’s 50 day moving average is $17.84 and its 200 day moving average is $14.59. The company has a market cap of $175.98 million, a PE ratio of 17.23 and a beta of 0.56. Northeast Bancorp has a 12 month low of $10.50 and a 12 month high of $20.25.

Northeast Bancorp (NASDAQ:NBN) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. The company had revenue of $14.77 million for the quarter. Northeast Bancorp had a net margin of 14.86% and a return on equity of 7.74%. Equities analysts predict that Northeast Bancorp will post $1.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.04 annualized dividend and a yield of 0.20%. Northeast Bancorp’s dividend payout ratio is 4.12%.

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Northeast Bancorp Company Profile

Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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