BNP Paribas Financial Markets Has $127,000 Position in Northeast Bank (NASDAQ:NBN)

BNP Paribas Financial Markets increased its position in shares of Northeast Bank (NASDAQ:NBN) by 36.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,647 shares of the financial services provider’s stock after acquiring an additional 442 shares during the quarter. BNP Paribas Financial Markets’ holdings in Northeast Bank were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NBN. Dimensional Fund Advisors LP raised its holdings in shares of Northeast Bank by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 422,573 shares of the financial services provider’s stock worth $25,716,000 after acquiring an additional 2,093 shares during the period. American Century Companies Inc. increased its holdings in Northeast Bank by 18.7% during the 2nd quarter. American Century Companies Inc. now owns 126,748 shares of the financial services provider’s stock worth $7,714,000 after purchasing an additional 19,947 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Northeast Bank by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 74,127 shares of the financial services provider’s stock valued at $5,717,000 after purchasing an additional 695 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Northeast Bank by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 51,561 shares of the financial services provider’s stock worth $3,138,000 after buying an additional 2,175 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Northeast Bank by 251.5% during the third quarter. Assenagon Asset Management S.A. now owns 21,554 shares of the financial services provider’s stock worth $1,662,000 after buying an additional 15,422 shares in the last quarter.

Northeast Bank Stock Performance

NASDAQ NBN opened at $93.25 on Thursday. The firm has a 50-day moving average of $94.45 and a 200-day moving average of $75.92. Northeast Bank has a 52-week low of $49.07 and a 52-week high of $105.44.

Northeast Bank (NASDAQ:NBN) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.34. The firm had revenue of $73.97 million during the quarter, compared to analyst estimates of $38.20 million. During the same period in the prior year, the company earned $2.01 earnings per share.

Northeast Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Tuesday, November 12th. Northeast Bank’s dividend payout ratio (DPR) is presently 0.52%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price target on shares of Northeast Bank in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods assumed coverage on shares of Northeast Bank in a research note on Thursday, November 21st. They issued a “market perform” rating and a $102.00 price target on the stock.

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.