Media stories about Northeast Bancorp (NASDAQ:NBN) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Northeast Bancorp earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.6185355840377 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Northeast Bancorp (NASDAQ NBN) traded up $0.10 during trading hours on Friday, reaching $21.80. 15,394 shares of the company’s stock traded hands, compared to its average volume of 46,785. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.07 and a quick ratio of 1.05. Northeast Bancorp has a twelve month low of $13.25 and a twelve month high of $29.95. The stock has a market capitalization of $173.79, a P/E ratio of 12.82 and a beta of 0.23.
Northeast Bancorp (NASDAQ:NBN) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.33 earnings per share for the quarter. Northeast Bancorp had a net margin of 21.61% and a return on equity of 12.13%. The business had revenue of $13.69 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Monday, February 12th. Northeast Bancorp’s dividend payout ratio is currently 2.35%.
Separately, ValuEngine downgraded shares of Northeast Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other Northeast Bancorp news, Director Julie Jenkins sold 4,000 shares of Northeast Bancorp stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $25.35, for a total transaction of $101,400.00. Following the transaction, the director now owns 21,955 shares of the company’s stock, valued at $556,559.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Allen Tanner purchased 10,000 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $21.68 per share, for a total transaction of $216,800.00. The disclosure for this purchase can be found here. 13.38% of the stock is owned by insiders.
About Northeast Bancorp
Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.
Receive News & Ratings for Northeast Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northeast Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.