GW&K Investment Management LLC Has $6.20 Million Position in Northeast Bank (NASDAQ:NBN)

GW&K Investment Management LLC lessened its holdings in Northeast Bank (NASDAQ:NBN) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,324 shares of the financial services provider’s stock after selling 5,855 shares during the quarter. GW&K Investment Management LLC’s holdings in Northeast Bank were worth $6,199,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Northeast Bank in the 3rd quarter valued at $25,000. SG Americas Securities LLC boosted its stake in shares of Northeast Bank by 28.5% in the 4th quarter. SG Americas Securities LLC now owns 3,801 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 843 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Northeast Bank by 10.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,501 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 1,619 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Northeast Bank by 7.2% during the 4th quarter. Russell Investments Group Ltd. now owns 59,706 shares of the financial services provider’s stock worth $3,295,000 after purchasing an additional 3,989 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of Northeast Bank by 6.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 103,736 shares of the financial services provider’s stock worth $4,575,000 after purchasing an additional 6,544 shares in the last quarter.

Northeast Bank Stock Performance

NASDAQ:NBN opened at $61.18 on Thursday. Northeast Bank has a 12 month low of $35.62 and a 12 month high of $62.30. The company’s 50-day moving average price is $53.89 and its two-hundred day moving average price is $53.50.

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

Northeast Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Stockholders of record on Monday, May 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. Northeast Bank’s dividend payout ratio (DPR) is presently 0.55%.

Northeast Bank 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.