Wealth Enhancement Advisory Services LLC Sells 821 Shares of Northeast Bancorp (NASDAQ:NBN)

Wealth Enhancement Advisory Services LLC decreased its holdings in Northeast Bancorp (NASDAQ:NBN) by 16.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,033 shares of the financial services provider’s stock after selling 821 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Northeast Bancorp were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NBN. Picton Mahoney Asset Management lifted its stake in Northeast Bancorp by 57.6% in the fourth quarter. Picton Mahoney Asset Management now owns 323 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Northeast Bancorp in the fourth quarter worth about $127,000. KLP Kapitalforvaltning AS bought a new stake in Northeast Bancorp in the fourth quarter worth about $128,000. Federated Hermes Inc. lifted its stake in Northeast Bancorp by 44.4% in the fourth quarter. Federated Hermes Inc. now owns 1,557 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 479 shares during the last quarter. Finally, Comerica Bank bought a new stake in Northeast Bancorp in the fourth quarter worth about $192,000.

Northeast Bancorp Stock Performance

Shares of NASDAQ:NBN opened at $95.93 on Monday. The firm has a market cap of $787.59 million, a PE ratio of 10.67 and a beta of 0.59. The firm’s 50 day simple moving average is $85.30 and its 200-day simple moving average is $91.47. Northeast Bancorp has a one year low of $58.89 and a one year high of $110.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.25.

Northeast Bancorp (NASDAQ:NBN) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.60). The company had revenue of $52.57 million for the quarter, compared to analysts’ expectations of $50.09 million. Northeast Bancorp had a return on equity of 17.46% and a net margin of 22.84%.

Northeast Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Northeast Bancorp’s payout ratio is currently 0.44%.

About Northeast Bancorp

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.