Northeast Bancorp (NBN) to Issue Quarterly Dividend of $0.01 on May 26th

Northeast Bancorp (NASDAQ:NBN) declared a quarterly dividend on Monday, April 27th. Stockholders of record on Tuesday, May 12th will be paid a dividend of 0.01 per share by the financial services provider on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Tuesday, May 12th.

Northeast Bancorp has a dividend payout ratio of 0.3% meaning its dividend is sufficiently covered by earnings.

Northeast Bancorp Stock Performance

Shares of Northeast Bancorp stock opened at $124.65 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of 10.68 and a beta of 0.59. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.97. Northeast Bancorp has a 12 month low of $79.05 and a 12 month high of $135.62. The stock’s fifty day moving average price is $115.98 and its 200-day moving average price is $107.29.

Northeast Bancorp (NASDAQ:NBN) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $3.53 EPS for the quarter, beating the consensus estimate of $3.00 by $0.53. The firm had revenue of $66.62 million for the quarter, compared to analyst estimates of $61.49 million. Northeast Bancorp had a return on equity of 19.11% and a net margin of 25.96%.

Northeast Bancorp Company 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.