Northeast Bancorp (NBN) Scheduled to Post Earnings on Tuesday
Northeast Bancorp (NASDAQ:NBN) is set to release its earnings data after the market closes on Tuesday, October 24th. Analysts expect Northeast Bancorp to post earnings of $0.51 per share for the quarter.
Shares of Northeast Bancorp (NASDAQ NBN) opened at 27.50 on Tuesday. Northeast Bancorp has a 52-week low of $10.85 and a 52-week high of $29.95. The firm has a market capitalization of $243.21 million, a PE ratio of 19.93 and a beta of 0.33. The company has a 50-day moving average price of $24.44 and a 200 day moving average price of $20.55.
Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in Northeast Bancorp in the 2nd quarter worth approximately $149,000. California State Teachers Retirement System bought a new position in Northeast Bancorp in the 2nd quarter worth approximately $263,000. Finally, State Street Corp raised its position in Northeast Bancorp by 742.2% in the 2nd quarter. State Street Corp now owns 84,843 shares of the financial services provider’s stock worth $1,727,000 after purchasing an additional 74,769 shares during the last quarter. 54.61% of the stock is currently owned by institutional investors and hedge funds.
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.
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