Northeast Bancorp (NBN) Cut to “Hold” at ValuEngine
ValuEngine cut shares of Northeast Bancorp (NASDAQ:NBN) from a buy rating to a hold rating in a report released on Friday morning.
Northeast Bancorp (NASDAQ:NBN) traded down $0.20 during trading on Friday, reaching $24.45. The company’s stock had a trading volume of 34,100 shares, compared to its average volume of 39,069. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.35. Northeast Bancorp has a 1-year low of $11.60 and a 1-year high of $29.95. The stock has a market cap of $193.90, a price-to-earnings ratio of 14.47 and a beta of 0.28.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a $0.01 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.04 annualized dividend and a yield of 0.16%. Northeast Bancorp’s dividend payout ratio is presently 2.37%.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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