Northeast Bank (NASDAQ:NBN) Declares Quarterly Dividend of $0.01

Northeast Bank (NASDAQ:NBN) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.01 per share by the financial services provider on Monday, May 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date of this dividend is Friday, May 10th.

Northeast Bank has a payout ratio of 0.6% meaning its dividend is sufficiently covered by earnings.

Northeast Bank Trading Up 2.3 %

NASDAQ:NBN traded up $1.20 during mid-day trading on Thursday, hitting $54.22. The company had a trading volume of 12,190 shares, compared to its average volume of 25,424. Northeast Bank has a fifty-two week low of $34.20 and a fifty-two week high of $59.00. The business’s fifty day moving average is $52.92 and its two-hundred day moving average is $52.51.

Northeast Bank (NASDAQ:NBN) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.72 by $0.11. The firm had revenue of $66.03 million during the quarter, compared to the consensus estimate of $36.34 million. During the same period in the previous year, the company posted $1.69 EPS.

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.