Northeast Bancorp (NASDAQ:NBN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $27.00 for the company and are anticipating that the company will post $0.57 EPS for the current quarter, according to Zacks. Zacks has also given Northeast Bancorp an industry rank of 158 out of 255 based on the ratings given to related companies.
Separately, ValuEngine lowered Northeast Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, February 21st.
Northeast Bancorp stock traded down $1.22 during mid-day trading on Friday, hitting $17.80. The stock had a trading volume of 54,052 shares, compared to its average volume of 14,029. The stock has a 50-day simple moving average of $20.40 and a two-hundred day simple moving average of $21.48. The stock has a market capitalization of $177.46 million, a PE ratio of 11.87 and a beta of 1.13. Northeast Bancorp has a 12 month low of $17.65 and a 12 month high of $27.58.
Northeast Bancorp (NASDAQ:NBN) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $16.88 million for the quarter. Northeast Bancorp had a return on equity of 12.98% and a net margin of 15.58%.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.04 annualized dividend and a yield of 0.22%. Northeast Bancorp’s dividend payout ratio is presently 1.82%.
About Northeast Bancorp
Northeast Bancorp operates as the bank holding company for Northeast Bank that provides banking products and services to individual and corporate customers in the United States. The company's deposit products include noninterest-bearing demand deposit, savings, NOW, and money market accounts, as well as certificate of deposit accounts.
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