Northeast Bank (NASDAQ:NBN) Announces Earnings Results, Beats Expectations By $0.18 EPS

Northeast Bank (NASDAQ:NBN) released its earnings results on Thursday. The financial services provider reported $2.74 EPS for the quarter, topping the consensus estimate of $2.56 by $0.18, Zacks reports.

Northeast Bank Stock Performance

Shares of NBN stock opened at $106.34 on Friday. The firm has a market capitalization of $873.05 million, a price-to-earnings ratio of 13.81 and a beta of 1.08. The company has a 50 day moving average price of $97.23 and a 200 day moving average price of $85.01. Northeast Bank has a one year low of $49.07 and a one year high of $108.00.

Northeast Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Northeast Bank’s payout ratio is 0.52%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods assumed coverage on Northeast Bank in a research report on Thursday, November 21st. They issued a “market perform” rating and a $102.00 price objective for the company.

About Northeast Bank

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.