Northeast Bank (NASDAQ:NBN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Northeast Bank (NASDAQ:NBN) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,875 shares of the financial services provider’s stock after acquiring an additional 892 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Northeast Bank were worth $1,823,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NBN. SG Americas Securities LLC increased its holdings in Northeast Bank by 151.9% in the 4th quarter. SG Americas Securities LLC now owns 6,031 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 3,637 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Northeast Bank by 136.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,699 shares of the financial services provider’s stock worth $2,136,000 after acquiring an additional 15,975 shares during the period. Wedge Capital Management L L P NC acquired a new position in Northeast Bank in the 4th quarter valued at about $656,000. Barclays PLC increased its stake in Northeast Bank by 278.7% during the third quarter. Barclays PLC now owns 8,646 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 6,363 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Northeast Bank by 23.6% during the third quarter. Jane Street Group LLC now owns 8,047 shares of the financial services provider’s stock worth $621,000 after buying an additional 1,535 shares during the period.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on Northeast Bank from $102.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, February 10th.

Northeast Bank Stock Performance

NBN opened at $91.14 on Friday. The business’s 50-day simple moving average is $98.54 and its 200-day simple moving average is $92.45. The company has a market cap of $747.89 million, a P/E ratio of 10.61 and a beta of 1.06. Northeast Bank has a one year low of $50.02 and a one year high of $110.35.

Northeast Bank (NASDAQ:NBN) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.18.

Northeast Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Northeast Bank’s dividend payout ratio (DPR) is 0.47%.

Northeast Bank Company Profile

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.