Northeast Bancorp (NBN) Director David Allen Tanner Purchases 10,000 Shares

Northeast Bancorp (NASDAQ:NBN) Director David Allen Tanner bought 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $21.68 per share, with a total value of $216,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Northeast Bancorp (NASDAQ:NBN) traded up $0.05 on Tuesday, reaching $21.45. The company’s stock had a trading volume of 55,154 shares, compared to its average volume of 47,295. The firm has a market capitalization of $191.05, a P/E ratio of 12.54 and a beta of 0.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05. Northeast Bancorp has a 12-month low of $12.95 and a 12-month high of $29.95.

Northeast Bancorp (NASDAQ:NBN) last released its earnings results on Monday, January 29th. The financial services provider reported $0.33 earnings per share for the quarter. The firm had revenue of $13.69 million during the quarter. Northeast Bancorp had a return on equity of 12.31% and a net margin of 21.61%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, February 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.19%. Northeast Bancorp’s dividend payout ratio (DPR) is presently 2.34%.

Large investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Northeast Bancorp during the 2nd quarter valued at $111,000. Nationwide Fund Advisors lifted its position in shares of Northeast Bancorp by 93.8% during the 3rd quarter. Nationwide Fund Advisors now owns 6,200 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,000 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Northeast Bancorp during the 3rd quarter valued at $174,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Northeast Bancorp during the 2nd quarter valued at $149,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Northeast Bancorp during the 2nd quarter valued at $159,000. Institutional investors own 51.00% of the company’s stock.

Separately, ValuEngine downgraded Northeast Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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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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