Northeast Bank (NBN) to Release Quarterly Earnings on Tuesday

Northeast Bank (NASDAQ:NBN) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Northeast Bank to post earnings of $1.77 per share for the quarter.

Northeast Bank (NASDAQ:NBN) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.91 EPS for the quarter. The company had revenue of $68.66 million for the quarter. During the same quarter last year, the firm posted $1.61 EPS.

Northeast Bank Trading Down 0.1 %

Shares of Northeast Bank stock opened at $85.07 on Friday. Northeast Bank has a one year low of $45.53 and a one year high of $88.28. The business’s 50 day moving average price is $73.85 and its 200 day moving average price is $64.20.

Northeast Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. Northeast Bank’s payout ratio is 0.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler restated an “overweight” rating and issued a $80.00 target price on shares of Northeast Bank in a research report on Wednesday, September 11th.

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.