Northeast Bank (NASDAQ:NBN) Stock Price Crosses Below 200 Day Moving Average of $40.86

Northeast Bank (NASDAQ:NBN – Get Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.86 and traded as low as $37.55. Northeast Bank shares last traded at $37.80, with a volume of 13,663 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Northeast Bank in a research report on Thursday, May 18th. They set a “hold” rating for the company.

Northeast Bank Stock Down 0.7 %

The stock has a market capitalization of $315.25 million, a P/E ratio of 6.63 and a beta of 1.23. The firm has a 50-day moving average of $36.19 and a 200 day moving average of $40.86.

Northeast Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, May 4th. Northeast Bank’s dividend payout ratio (DPR) is 0.70%.

Institutional Investors Weigh In On Northeast Bank

A number of hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in shares of Northeast Bank by 9.6% during the first quarter. State Street Corp now owns 117,642 shares of the financial services provider’s stock worth $3,960,000 after purchasing an additional 10,316 shares in the last quarter. Geode Capital Management LLC increased its stake in Northeast Bank by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 127,182 shares of the financial services provider’s stock worth $4,281,000 after purchasing an additional 3,248 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Northeast Bank by 2.0% in the 1st quarter. Two Sigma Advisers LP now owns 15,400 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 300 shares during the period. Two Sigma Investments LP lifted its position in shares of Northeast Bank by 54.5% in the first quarter. Two Sigma Investments LP now owns 11,436 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 4,036 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Northeast Bank by 44.8% in the first quarter. Deutsche Bank AG now owns 4,006 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Northeast Bank Company Profile

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Northeast Bank (Maine) engages in offering personal and business banking services. The company provides commercial loans nationally secured by all types of real estate, equipment or other business assets, including government guaranteed loans. It also provides a full range of business banking services, from banking accounts to financing options to cash management.