Northeast Bank (NBN) to Release Quarterly Earnings on Tuesday

Northeast Bank (NASDAQ:NBN) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.77 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Northeast Bank (NASDAQ:NBN) last posted its earnings results on Monday, July 29th. The financial services provider reported $1.91 EPS for the quarter. The company had revenue of $68.66 million during the quarter. During the same quarter in the prior year, the firm earned $1.61 earnings per share.

Northeast Bank Stock Down 0.4 %

Shares of NBN stock opened at $84.75 on Monday. Northeast Bank has a 1-year low of $46.32 and a 1-year high of $88.28. The company has a 50-day moving average of $74.20 and a two-hundred day moving average of $64.57.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated an “overweight” rating and issued a $80.00 target price on shares of Northeast Bank in a report on Wednesday, September 11th.

Northeast Bank Company Profile

Northeast Bank provides banking services to individual and corporate customers in Maine. 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.