American Century Companies Inc. Has $22.11 Million Holdings in Northeast Bancorp $NBN

American Century Companies Inc. lifted its stake in shares of Northeast Bancorp (NASDAQ:NBN) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 220,712 shares of the financial services provider’s stock after buying an additional 17,344 shares during the quarter. American Century Companies Inc. owned about 2.69% of Northeast Bancorp worth $22,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC increased its stake in Northeast Bancorp by 137.3% in the third quarter. Rafferty Asset Management LLC now owns 16,173 shares of the financial services provider’s stock valued at $1,620,000 after purchasing an additional 9,359 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Northeast Bancorp by 6.3% in the third quarter. Quantbot Technologies LP now owns 2,397 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 142 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Northeast Bancorp by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 11,418 shares of the financial services provider’s stock valued at $1,144,000 after acquiring an additional 3,359 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Northeast Bancorp during the third quarter valued at approximately $89,000. Finally, Connable Office Inc. acquired a new position in shares of Northeast Bancorp during the third quarter worth approximately $350,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Northeast Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Northeast Bancorp Trading Up 0.7%

Shares of NBN stock opened at $106.88 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $877.48 million, a price-to-earnings ratio of 10.31 and a beta of 0.58. Northeast Bancorp has a 52-week low of $78.17 and a 52-week high of $126.25. The company has a 50-day simple moving average of $114.03 and a two-hundred day simple moving average of $103.54.

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

Northeast Bancorp Announces Dividend

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

Northeast Bancorp Profile

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.