California Public Employees Retirement System maintained its stake in shares of Northeast Bancorp (NASDAQ:NBN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,758 shares of the financial services provider’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.30% of Northeast Bancorp worth $545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Northeast Bancorp by 8.6% in the second quarter. Vanguard Group Inc. now owns 235,076 shares of the financial services provider’s stock valued at $4,783,000 after buying an additional 18,683 shares in the last quarter. Context BH Capital Management LP lifted its stake in shares of Northeast Bancorp by 8.3% in the second quarter. Context BH Capital Management LP now owns 214,144 shares of the financial services provider’s stock valued at $4,358,000 after buying an additional 16,462 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Northeast Bancorp by 55.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 154,240 shares of the financial services provider’s stock valued at $3,139,000 after buying an additional 55,310 shares in the last quarter. LSV Asset Management lifted its stake in shares of Northeast Bancorp by 52.3% in the second quarter. LSV Asset Management now owns 134,782 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 46,297 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Northeast Bancorp by 16.7% in the second quarter. Russell Investments Group Ltd. now owns 118,873 shares of the financial services provider’s stock valued at $2,419,000 after buying an additional 16,973 shares in the last quarter. 59.38% of the stock is currently owned by institutional investors and hedge funds.

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Northeast Bancorp (NASDAQ NBN) opened at $24.65 on Tuesday. Northeast Bancorp has a 12 month low of $10.90 and a 12 month high of $29.95. The firm has a market cap of $191.13, a price-to-earnings ratio of 14.26 and a beta of 0.32. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.35.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Friday, November 3rd. Northeast Bancorp’s dividend payout ratio (DPR) is 2.37%.

Northeast Bancorp Company Profile

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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Institutional Ownership by Quarter for Northeast Bancorp (NASDAQ:NBN)

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