Northeast Bancorp (NASDAQ:NBN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Northeast Bancorp (NASDAQ:NBN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $103.37 and traded as high as $112.29. Northeast Bancorp shares last traded at $111.44, with a volume of 76,016 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Northeast Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.00.

Northeast Bancorp Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $113.90 and a 200 day simple moving average of $103.37. The stock has a market capitalization of $914.92 million, a price-to-earnings ratio of 10.75 and a beta of 0.58.

Northeast Bancorp (NASDAQ:NBN) last posted its quarterly earnings results on Monday, January 26th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. Northeast Bancorp had a net margin of 24.16% and a return on equity of 17.73%. The business had revenue of $51.77 million during the quarter, compared to analyst estimates of $54.83 million.

Northeast Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Northeast Bancorp’s dividend payout ratio is 0.39%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Northeast Bancorp during the 3rd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its position in Northeast Bancorp by 36,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 368 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 367 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Northeast Bancorp by 194.0% in the fourth quarter. Clearstead Advisors LLC now owns 741 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 489 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Northeast Bancorp by 1,071.4% in the fourth quarter. Quadrant Capital Group LLC now owns 820 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 750 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in Northeast Bancorp in the third quarter worth approximately $89,000.

About Northeast Bancorp

Northeast Bancorp is a Maine-based bank holding company and the parent of Northeast Bank, a state‐chartered commercial bank headquartered in Lewiston, Maine. Through its subsidiary, the company provides a variety of financial services, including personal checking and savings accounts, residential mortgage lending, small business and commercial loans, treasury management and private banking services. The bank operates a branch network spanning central and southern Maine, serving individuals, families and local businesses across the region.

Founded in 1872 as Androscoggin County Savings Bank, the institution has evolved through mutual and stock conversions, adopting the Northeast Bank name in 2001 and forming Northeast Bancorp as its mutual holding company in 2013.