Invesco Ltd. Has $8.52 Million Position in Northeast Bancorp $NBN

Invesco Ltd. reduced its holdings in Northeast Bancorp (NASDAQ:NBN) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,054 shares of the financial services provider’s stock after selling 5,270 shares during the period. Invesco Ltd. owned approximately 1.13% of Northeast Bancorp worth $8,518,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NBN. CWM LLC increased its stake in Northeast Bancorp by 136.8% in the first quarter. CWM LLC now owns 438 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 253 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Northeast Bancorp in the fourth quarter valued at approximately $127,000. Comerica Bank bought a new stake in Northeast Bancorp in the fourth quarter valued at approximately $192,000. PDT Partners LLC bought a new stake in Northeast Bancorp in the fourth quarter valued at approximately $207,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Northeast Bancorp in the fourth quarter valued at approximately $219,000.

Northeast Bancorp Stock Up 0.8%

Shares of NASDAQ:NBN opened at $109.10 on Tuesday. Northeast Bancorp has a 52 week low of $65.55 and a 52 week 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. The company has a market capitalization of $895.27 million, a PE ratio of 10.82 and a beta of 0.58. The company has a 50 day moving average price of $95.40 and a two-hundred day moving average price of $91.74.

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

Northeast Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 25th. Northeast Bancorp’s dividend payout ratio is presently 0.40%.

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.