Northeast Bank (NBN) to Release Earnings on Tuesday

Northeast Bank (NASDAQ:NBN) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.72 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 announced its earnings results on Tuesday, January 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.13. The company had revenue of $38.47 million during the quarter, compared to analysts’ expectations of $36.98 million.

Northeast Bank Price Performance

Shares of NASDAQ NBN traded up $0.75 on Friday, reaching $52.54. 4,502 shares of the company’s stock traded hands, compared to its average volume of 25,699. Northeast Bank has a 12 month low of $34.20 and a 12 month high of $59.00. The business’s 50 day simple moving average is $52.99 and its two-hundred day simple moving average is $52.22.

Northeast Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Northeast Bank’s payout ratio is currently 0.56%.

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.