Northeast Bancorp (NASDAQ:NBN) to Issue Quarterly Dividend of $0.01

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Monday, January 26th. Investors of record on Wednesday, February 11th will be given a dividend of 0.01 per share by the financial services provider on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, February 11th.

Northeast Bancorp has a payout ratio of 0.3% meaning its dividend is sufficiently covered by earnings.

Northeast Bancorp Trading Down 6.2%

NBN stock traded down $7.13 during mid-day trading on Tuesday, reaching $107.00. The company had a trading volume of 10,674 shares, compared to its average volume of 118,244. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day moving average of $101.56 and a 200 day moving average of $99.66. The company has a market capitalization of $878.47 million, a PE ratio of 10.06 and a beta of 0.54. Northeast Bancorp has a 12 month low of $78.17 and a 12 month high of $121.47.

Northeast Bancorp (NASDAQ:NBN) last posted its quarterly earnings data on Monday, January 26th. The financial services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. Northeast Bancorp had a return on equity of 18.52% and a net margin of 24.36%.The firm had revenue of $51.77 million during the quarter, compared to analysts’ expectations of $54.83 million.

Northeast Bancorp Company Profile

Northeast Bancorp is a Maine-based bank holding company and the parent of Northeast Bank, a state?chartered commercial bank headquartered in Lewiston, Maine. Through its subsidiary, the company provides a variety of financial services, including personal checking and savings accounts, residential mortgage lending, small business and commercial loans, treasury management and private banking services. The bank operates a branch network spanning central and southern Maine, serving individuals, families and local businesses across the region.

Founded in 1872 as Androscoggin County Savings Bank, the institution has evolved through mutual and stock conversions, adopting the Northeast Bank name in 2001 and forming Northeast Bancorp as its mutual holding company in 2013.