4,031 Shares in Northeast Bank (NASDAQ:NBN) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Northeast Bank (NASDAQ:NBN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,031 shares of the financial services provider’s stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its stake in Northeast Bank by 57.6% in the fourth quarter. Picton Mahoney Asset Management now owns 323 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Northeast Bank by 5.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,433 shares of the financial services provider’s stock valued at $315,000 after buying an additional 186 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Northeast Bank by 2.9% during the 4th quarter. Sterling Capital Management LLC now owns 6,633 shares of the financial services provider’s stock valued at $608,000 after buying an additional 187 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Northeast Bank by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 57,181 shares of the financial services provider’s stock valued at $5,245,000 after buying an additional 238 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Northeast Bank by 10.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,982 shares of the financial services provider’s stock valued at $365,000 after buying an additional 388 shares in the last quarter.

Northeast Bank Trading Down 0.3%

Shares of NBN stock opened at $85.42 on Thursday. The stock has a market capitalization of $700.96 million, a P/E ratio of 9.94 and a beta of 0.58. The firm’s 50 day moving average is $85.28 and its 200 day moving average is $92.92. Northeast Bank has a 12 month low of $54.50 and a 12 month high of $110.35.

Northeast Bank (NASDAQ:NBN) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.60). The company had revenue of $52.57 million for the quarter, compared to the consensus estimate of $50.09 million.

Northeast Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date of this dividend was Tuesday, May 13th. Northeast Bank’s dividend payout ratio (DPR) is presently 0.44%.

About Northeast Bank

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.