Keefe, Bruyette & Woods Forecasts NBN Q1 Earnings

Northeast Bancorp (NASDAQ:NBN) – Analysts at Keefe, Bruyette & Woods issued their Q1 2027 earnings per share estimates for shares of Northeast Bancorp in a research note issued to investors on Wednesday, October 21st. Keefe, Bruyette & Woods analyst D. Delmonte anticipates that the financial services provider will earn $3.32 per share for the quarter. Keefe, Bruyette & Woods currently has a “Market Perform” rating and a $136.00 target price on the stock.

Several other analysts have also issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northeast Bancorp in a research note on Friday, July 31st. Piper Sandler increased their price target on shares of Northeast Bancorp from $145.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Northeast Bancorp has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Northeast Bancorp Stock Performance

NASDAQ:NBN opened at $128.86 on Friday. The business has a 50 day moving average of $128.95 and a 200 day moving average of $127.44. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.13 and a beta of 0.60. Northeast Bancorp has a 1-year low of $80.75 and a 1-year high of $142.31. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.35 and a quick ratio of 1.32.

Northeast Bancorp (NASDAQ:NBN) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.40 by $0.65. The firm had revenue of $65.24 million for the quarter, compared to analyst estimates of $67.21 million. Northeast Bancorp had a return on equity of 19.35% and a net margin of 27.91%.

Northeast Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Monday, August 10th. Northeast Bancorp’s dividend payout ratio is presently 0.31%.

Institutional Investors Weigh In On Northeast Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of NBN. BlackRock Inc. purchased a new stake in Northeast Bancorp during the 2nd quarter valued at about $83,160,000. Dimensional Fund Advisors LP increased its stake in Northeast Bancorp by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 333,281 shares of the financial services provider’s stock worth $37,449,000 after purchasing an additional 11,168 shares during the period. Ampfield Management L.P. purchased a new position in Northeast Bancorp in the 1st quarter worth approximately $19,500,000. Bank of New York Mellon Corp purchased a new position in Northeast Bancorp in the 2nd quarter worth approximately $4,747,000. Finally, Globeflex Capital L P bought a new stake in Northeast Bancorp in the second quarter valued at approximately $4,683,000.

About Northeast Bancorp

Northeast Bancorp is the bank holding company for Northeast Bank, a community-focused financial institution headquartered in Lewiston, Maine. Founded in 1872, Northeast Bank provides banking and lending services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposit services. Its lending activities include commercial real estate, commercial and industrial, residential real estate, consumer and municipal loans, as well as construction and other business financing.