Northeast Bancorp (NBN) Director David Allen Tanner Purchases 10,000 Shares
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.
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.
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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.
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