2 weeks Ago By Defense World Staff
Alliancebernstein L.P. reduced its position in shares of Northeast Bank ( NASDAQ:NBN – Free Report ) by 19.
1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,981 shares of the financial services provider’s stock after selling 10,390 shares during the quarter. Alliancebernstein L.
P. owned 0.54% of Northeast Bank worth $4,034,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management raised its holdings in Northeast Bank by 57.6% in the 4th quarter.
Picton Mahoney Asset Management now owns 323 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 118 shares during the period. R Squared Ltd acquired a new position in shares of Northeast Bank during the 4th quarter worth approximately $41,000. KLP Kapitalforvaltning AS purchased a new position in shares of Northeast Bank during the 4th quarter valued at approximately $128,000.
BNP Paribas Financial Markets grew its stake in Northeast Bank by 36.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,647 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 442 shares during the period.
Finally, Quantbot Technologies LP increased its holdings in Northeast Bank by 121.2% in the 4th quarter. Quantbot Technologies LP now owns 2,190 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 1,200 shares in the last quarter.
Wall Street Analysts Forecast Growth Separately, Keefe, Bruyette & Woods increased their price objective on shares of Northeast Bank from $102.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, February 10th.
Northeast Bank Price Performance Shares of Northeast Bank stock opened at $82.81 on Monday. The stock has a market capitalization of $679.
54 million, a P/E ratio of 9.64 and a beta of 0.85.
The business has a 50 day simple moving average of $94.89 and a two-hundred day simple moving average of $93.88.
Northeast Bank has a 12 month low of $50.02 and a 12 month high of $110.35.
Northeast Bank ( NASDAQ:NBN – Get Free Report ) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $2.74 EPS for the quarter, beating the consensus estimate of $2.
56 by $0.18. Northeast Bank Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th.
Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.
04 annualized dividend and a dividend yield of 0.05%. The ex-dividend date was Tuesday, February 18th.
Northeast Bank’s dividend payout ratio is currently 0.47%. Northeast Bank Company Profile ( Free Report ) Northeast Bank provides banking services to individual and corporate customers in Maine.
The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. Read More Five stocks we like better than Northeast Bank What is a Death Cross in Stocks? Is McDonald’s Stock Serving a Value Meal to Investors? ESG Stocks, What Investors Should Know Walgreens Comeback? Private Equity Circling for a Buyout Quiet Period Expirations Explained Coca-Cola Stock Looks Refreshing After the Relief Rally Receive News & Ratings for Northeast Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northeast Bank and related companies with MarketBeat.
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