Northeast Bank (NASDAQ:NBN) Stock Price Passes Above 200-Day Moving Average of $52.88

Northeast Bank (NASDAQ:NBN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.88 and traded as high as $55.35. Northeast Bank shares last traded at $55.19, with a volume of 12,138 shares traded.

Northeast Bank Price Performance

The firm has a 50 day moving average price of $53.14 and a 200 day moving average price of $52.88.

Northeast Bank (NASDAQ:NBN) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.11. The firm had revenue of $66.03 million for the quarter, compared to the consensus estimate of $36.34 million. During the same quarter in the previous year, the business posted $1.69 EPS.

Northeast Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Friday, May 10th. Northeast Bank’s dividend payout ratio (DPR) is 0.55%.

Institutional Investors Weigh In On Northeast Bank

A number of institutional investors have recently bought and sold shares of NBN. Russell Investments Group Ltd. boosted its stake in shares of Northeast Bank by 5.8% in the first quarter. Russell Investments Group Ltd. now owns 63,165 shares of the financial services provider’s stock worth $3,496,000 after acquiring an additional 3,459 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Northeast Bank by 17.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,349 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 2,848 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Northeast Bank by 82.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,640 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 1,642 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Northeast Bank by 3,166.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,025 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,963 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Northeast Bank by 52.0% during the fourth quarter. Wellington Management Group LLP now owns 209,649 shares of the financial services provider’s stock valued at $11,571,000 after buying an additional 71,724 shares during the last quarter.

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.