Northeast Bancorp (NBN) Posts Earnings Results, Misses Estimates By $0.12 EPS

Northeast Bancorp (NASDAQ:NBN) announced its earnings results on Monday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.12), Fidelity Earnings reports. Northeast Bancorp had a net margin of 21.45% and a return on equity of 11.82%. The business had revenue of $15.91 million for the quarter.

Shares of NASDAQ:NBN opened at $18.70 on Wednesday. Northeast Bancorp has a 1 year low of $17.99 and a 1 year high of $26.00. The company has a market cap of $181.72 million, a PE ratio of 11.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.08.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%.

Separately, ValuEngine lowered Northeast Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

In other Northeast Bancorp news, CEO Richard Wayne bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average price of $22.20 per share, for a total transaction of $222,000.00. Following the transaction, the chief executive officer now directly owns 41,667 shares of the company’s stock, valued at approximately $925,007.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 10,200 shares of company stock worth $226,375 in the last quarter. Insiders own 14.22% of the company’s stock.

Northeast Bancorp Company Profile

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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Earnings History for Northeast Bancorp (NASDAQ:NBN)

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