Northeast Bank (NBN) Scheduled to Post Quarterly Earnings on Tuesday

Northeast Bank (NASDAQ:NBN) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Northeast Bank (NASDAQ:NBN) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.13. The business had revenue of $38.47 million during the quarter, compared to analyst estimates of $36.98 million.

Northeast Bank Trading Up 1.4 %

NASDAQ NBN opened at $52.51 on Friday. Northeast Bank has a 1-year low of $34.20 and a 1-year high of $59.00. The company has a 50 day moving average of $52.97 and a 200-day moving average of $52.34.

Northeast Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.04 annualized dividend and a yield of 0.08%. Northeast Bank’s dividend payout ratio is currently 0.56%.

Northeast Bank Company Profile

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.