Northeast Bancorp $NBN Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its holdings in Northeast Bancorp (NASDAQ:NBN) by 511.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,988 shares of the financial services provider’s stock after purchasing an additional 23,414 shares during the quarter. Deutsche Bank AG owned 0.34% of Northeast Bancorp worth $2,562,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Northeast Bancorp in the 1st quarter worth about $220,000. Citadel Advisors LLC acquired a new position in Northeast Bancorp in the 4th quarter worth about $3,114,000. Northern Trust Corp raised its holdings in Northeast Bancorp by 10.3% in the 4th quarter. Northern Trust Corp now owns 66,139 shares of the financial services provider’s stock worth $6,067,000 after purchasing an additional 6,160 shares during the period. Millennium Management LLC increased its stake in Northeast Bancorp by 38.3% during the 4th quarter. Millennium Management LLC now owns 17,893 shares of the financial services provider’s stock worth $1,641,000 after buying an additional 4,956 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Northeast Bancorp during the 4th quarter worth approximately $357,000.

Northeast Bancorp Price Performance

NASDAQ:NBN opened at $102.08 on Wednesday. Northeast Bancorp has a 12 month low of $65.12 and a 12 month high of $110.35. The stock has a 50 day moving average of $93.71 and a two-hundred day moving average of $91.79. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a market cap of $838.08 million, a P/E ratio of 10.13 and a beta of 0.58.

Northeast Bancorp (NASDAQ:NBN) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $3.00 EPS for the quarter, topping the consensus estimate of $2.54 by $0.46. Northeast Bancorp had a return on equity of 19.19% and a net margin of 23.77%.The company had revenue of $62.70 million during the quarter, compared to analyst estimates of $56.50 million.

Northeast Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Northeast Bancorp’s dividend payout ratio is 0.40%.

Northeast Bancorp 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.