Northeast Bancorp (NASDAQ:NBN) Director Julie Jenkins sold 2,000 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $19.79, for a total transaction of $39,580.00. Following the transaction, the director now directly owns 23,955 shares in the company, valued at $474,069.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NBN stock opened at $19.70 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. Northeast Bancorp has a 52-week low of $15.54 and a 52-week high of $24.50. The stock has a market cap of $178.77 million, a price-to-earnings ratio of 10.09 and a beta of 0.85.
Northeast Bancorp (NASDAQ:NBN) last released its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). Northeast Bancorp had a net margin of 22.28% and a return on equity of 12.72%. The firm had revenue of $17.19 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Monday, February 11th.
Hedge funds have recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC bought a new stake in shares of Northeast Bancorp in the fourth quarter valued at about $36,000. Bank of America Corp DE lifted its stake in shares of Northeast Bancorp by 19.5% in the fourth quarter. Bank of America Corp DE now owns 6,484 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,058 shares during the period. Rhumbline Advisers bought a new stake in shares of Northeast Bancorp in the fourth quarter valued at about $168,000. Acadian Asset Management LLC lifted its stake in shares of Northeast Bancorp by 62.8% in the fourth quarter. Acadian Asset Management LLC now owns 21,991 shares of the financial services provider’s stock valued at $369,000 after buying an additional 8,487 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Northeast Bancorp in the fourth quarter valued at about $581,000. Institutional investors own 48.94% of the company’s stock.
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About Northeast Bancorp
Northeast Bancorp operates as the bank holding company for Northeast Bank that provides banking products and services to individual and corporate customers in the United States. The company's deposit products include noninterest-bearing demand deposit, savings, NOW, and money market accounts, as well as certificate of deposit accounts.
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