Vanguard Group Inc boosted its holdings in shares of Northeast Bancorp (NASDAQ:NBN) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 349,093 shares of the financial services provider’s stock after buying an additional 1,058 shares during the quarter. Vanguard Group Inc owned 3.86% of Northeast Bancorp worth $7,575,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Seizert Capital Partners LLC purchased a new stake in Northeast Bancorp during the 3rd quarter worth approximately $1,408,000. BlackRock Inc. boosted its position in Northeast Bancorp by 17.1% in the 2nd quarter. BlackRock Inc. now owns 370,701 shares of the financial services provider’s stock valued at $8,081,000 after buying an additional 54,162 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Northeast Bancorp by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 273,905 shares of the financial services provider’s stock worth $5,971,000 after buying an additional 43,836 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Northeast Bancorp by 18.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 242,188 shares of the financial services provider’s stock worth $5,255,000 after acquiring an additional 37,771 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Northeast Bancorp by 5.2% during the third quarter. LSV Asset Management now owns 156,201 shares of the financial services provider’s stock worth $3,389,000 after buying an additional 7,700 shares during the last quarter. 48.64% of the stock is owned by hedge funds and other institutional investors.
Northeast Bancorp stock opened at $19.78 on Friday. Northeast Bancorp has a twelve month low of $15.54 and a twelve month high of $24.50. The company has a market cap of $179.88 million, a PE ratio of 10.15 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.
Northeast Bancorp (NASDAQ:NBN) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $17.19 million for the quarter. Northeast Bancorp had a net margin of 22.28% and a return on equity of 12.72%.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, February 11th.
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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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