Insider Selling: Northeast Bancorp (NBN) Director Sells 4,000 Shares of Stock
Northeast Bancorp (NASDAQ:NBN) Director Julie Jenkins sold 4,000 shares of Northeast Bancorp stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $25.35, for a total value of $101,400.00. Following the completion of the sale, the director now directly owns 21,955 shares of the company’s stock, valued at $556,559.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Northeast Bancorp (NASDAQ:NBN) traded down $0.70 during midday trading on Tuesday, hitting $24.00. The stock had a trading volume of 30,821 shares, compared to its average volume of 38,995. Northeast Bancorp has a twelve month low of $11.60 and a twelve month high of $29.95. The firm has a market capitalization of $216.76, a PE ratio of 14.47 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.04 annualized dividend and a yield of 0.17%. Northeast Bancorp’s payout ratio is 2.37%.
Separately, ValuEngine cut Northeast Bancorp from a “buy” rating to a “hold” rating in a research note on Friday.
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About Northeast Bancorp
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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