Northeast Bank (NBN) will release its quarterly results on Monday

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Northeast Bank (NASDAQ:NBN – Get Rating) is expected to report results after the market closes on Monday, July 25. Analysts expect the company to report earnings of $1.15 per share for the quarter. Investors wishing to participate in the company’s conference call can do so using this link.

Northeast Bank (NASDAQ:NBN – Get Rating) last released its quarterly earnings data on Monday, April 25. The financial services provider reported EPS of $1.36 for the quarter, beating the consensus estimate of $1.17 by $0.19. The company posted revenue of $26.36 million for the quarter, versus $25.23 million expected by analysts. In the same period a year earlier, the company earned earnings per share of $4.06.

Northeast Bank shares down 0.1%

The NASDAQ NBN opened at $38.98 on Friday. The company has a fifty-day moving average of $37.10 and a two-hundred-day moving average of $36.48. The company has a market capitalization of $325.09 million, a price-earnings ratio of 5.98 and a beta of 1.32. Northeast Bank has a 52-week low of $29.08 and a 52-week high of $41.05.

Northeast Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 18. Shareholders of record on Wednesday, May 4 received a dividend of $0.01 per share. This represents an annualized dividend of $0.04 and a yield of 0.10%. The ex-dividend date was Tuesday, May 3. Northeast Bank’s payout rate is 0.61%.

Wall Street analysts predict growth

Separately, StockNews.com downgraded Northeast Bank shares from a “buy” rating to a “hold” rating in a Monday, May 23 research rating.

Northeast Bank Institutional Trading

A number of hedge funds have recently increased or reduced their holdings in NBN. Renaissance Technologies LLC increased its stake in Northeast Bank by 0.6% in the first quarter. Renaissance Technologies LLC now owns 242,245 shares of the financial services provider worth $8,263,000 after buying an additional 1,400 shares last quarter. Goldman Sachs Group Inc. increased its holdings of Northeast Bank shares by 82.0% in the first quarter. Goldman Sachs Group Inc. now owns 51,266 shares of the financial services provider valued at $1,749,000 after acquiring 23,097 additional shares last quarter. American Century Companies Inc. increased its equity stake in Northeast Bank by 29.2% in the first quarter. American Century Companies Inc. now owns 41,888 shares of the financial services provider valued at $1,429,000 after acquiring 9,460 additional shares last quarter. Bank of New York Mellon Corp increased its holdings of Northeast Bank shares 3.6% in the first quarter. Bank of New York Mellon Corp now owns 37,073 shares of the financial services provider valued at $1,265,000 after acquiring 1,295 additional shares last quarter. Finally, State Street Corp increased its equity stake in Northeast Bank by 5.0% during the first quarter. State Street Corp now owns 27,481 shares of the financial services provider valued at $937,000 after acquiring 1,315 additional shares last quarter. 50.04% of the shares are held by hedge funds and other institutional investors.

Northeast Bank Company Profile

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Northeast Bank provides banking services to individuals and businesses in Maine. The Company’s deposit products include demand deposits, NOW, money market, savings, certificates of deposit and individual retirement accounts, as well as checking accounts. Its loan portfolio includes residential mortgages; multi-family real estate loans and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans made up of mobile homes and overdrafts, and loans guaranteed by deposit; and small business administration loans.

See also

Earnings history for Northeast Bank (NASDAQ:NBN)



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