Northeast Bancorp (NASDAQ:NBN) Director David Allen Tanner purchased 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $21.68 per share, with a total value of $216,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northeast Bancorp (NASDAQ:NBN) opened at $21.45 on Wednesday. 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 1-year low of $12.95 and a 1-year high of $29.95. The company has a market cap of $171.38, a PE ratio of 12.81 and a beta of 0.23.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Monday, February 12th. Northeast Bancorp’s payout ratio is 2.35%.

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

Several large investors have recently made changes to their positions in NBN. Schwab Charles Investment Management Inc. bought a new position in shares of Northeast Bancorp in the 2nd quarter valued at about $257,000. Bank of New York Mellon Corp bought a new position in shares of Northeast Bancorp in the 2nd quarter valued at about $500,000. JPMorgan Chase & Co. lifted its holdings in shares of Northeast Bancorp by 649.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 46,113 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 39,961 shares during the last quarter. Teachers Advisors LLC bought a new stake in Northeast Bancorp in the second quarter worth about $264,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Northeast Bancorp in the second quarter worth about $428,000. 51.00% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This report was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://theolympiareport.com/2018/02/14/northeast-bancorp-nbn-director-david-allen-tanner-purchases-10000-shares.html.

Northeast Bancorp Company Profile

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.

Receive News & Ratings for Northeast Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northeast Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.