Northeast Bank (NASDAQ:NBN) Issues Quarterly Earnings Results

Northeast Bank (NASDAQ:NBN) issued its earnings results on Tuesday. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.34 by ($2.03), Fidelity Earnings reports.

NBN stock traded up $2.52 during midday trading on Thursday, hitting $30.10. 2,502 shares of the stock traded hands, compared to its average volume of 29,407. Northeast Bank has a 1-year low of $11.40 and a 1-year high of $30.43. The stock’s fifty day simple moving average is $27.46 and its 200-day simple moving average is $24.28. The firm has a market cap of $272.10 million, a P/E ratio of 10.13 and a beta of 1.71.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, February 9th. Northeast Bank’s dividend payout ratio (DPR) is presently 1.58%.

Separately, TheStreet raised Northeast Bank from a “c+” rating to a “b-” rating in a report on Monday, February 8th.

Northeast Bank Company Profile

Northeast Bank provides personal and business banking services in Maine, the United States. 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.

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Earnings History for Northeast Bank (NASDAQ:NBN)

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