Northeast Bancorp (NBN) Plans $0.01 Quarterly Dividend
Northeast Bancorp (NASDAQ:NBN) declared a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Stockholders of record on Monday, November 6th will be given a dividend of 0.01 per share by the financial services provider on Monday, November 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend is Friday, November 3rd.
Shares of Northeast Bancorp (NASDAQ NBN) opened at 26.30 on Thursday. The company has a market cap of $232.60 million, a price-to-earnings ratio of 19.06 and a beta of 0.33. Northeast Bancorp has a 12 month low of $10.85 and a 12 month high of $29.95. The company’s 50-day moving average price is $25.51 and its 200-day moving average price is $21.19.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBN. State Street Corp raised its position in Northeast Bancorp by 742.2% during the second quarter. State Street Corp now owns 84,843 shares of the financial services provider’s stock valued at $1,727,000 after purchasing an additional 74,769 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Northeast Bancorp during the second quarter valued at about $149,000. Finally, California State Teachers Retirement System purchased a new stake in Northeast Bancorp during the second quarter valued at about $263,000. Institutional investors and hedge funds own 54.95% of the company’s stock.
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.
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