Streetbeat News

NBN

Northeast Bank

https://www.northeastbank.com

Industry

Banks - Regional

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. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. It operates a network of nine branches in Western, Central, and Southern Maine. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.

Open

101.82

Mkt cap

794M

Volume

78K

High

102.53

P/E Ratio

12.95

52-wk high

105.44

Low

99.04

Div yield

0.00

52-wk low

49.07

Northeast Bank (NASDAQ:NBN) reported strong Q1 earnings, with EPS of $2.11 beating estimates by 19.21% and sales of $43.12M surpassing expectations by 11.77%. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:09 pm

Northeast Bank has announced the purchase of primarily commercial real estate loans totaling $805 million since June 30, 2024. This move indicates a strategic focus on expanding its loan portfolio in the commercial real estate sector.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:41 pm

Piper Sandler analyst Mark Fitzgibbon has assumed coverage of Northeast Bank (NASDAQ:NBN) with an Overweight rating and set a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:43 am

Northeast Bank (NASDAQ:NBN) reported Q4 2024 earnings per share (EPS) of $1.91, surpassing the analyst consensus estimate of $1.79 by 6.7%. The company also reported quarterly sales of $40.027 million, beating the estimate of $37.900 million by 5.61%. This represents a 13.50% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:53 pm

Northeast Bank (NASDAQ:NBN) reported Q3 2024 earnings of $1.83 per share, surpassing the $1.72 estimate, and sales of $38.054M, exceeding the $36.340M forecast. This represents an 8.28% increase in earnings and a 13.84% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:06 pm

Northeast Bank (NASDAQ:NBN) announced a dividend payout of $0.01 per share with an annualized yield of 0.07%, maintaining a steady dividend per share of $0.04 from 2020 to 2023. Despite consistent dividends, its yield falls behind industry peers like Washington Trust Bancorp (NASDAQ:WASH), which boasts an 8.63% yield. However, Northeast Bank's earnings per share have grown from $3.01 to $6.85 from 2020 to 2023, indicating financial stability and potential for future dividend increases.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

Northeast Bank (NASDAQ:NBN) reported Q2 earnings with an EPS of $1.85, beating estimates by 7.56% and surpassing last year's revenue by $8.41 million. The company has a history of beating EPS estimates, which previously led to a 7.1% stock price increase the following day.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 9:20 pm

Northeast Bank (NASDAQ:NBN) reported Q2 earnings of $1.85 per share, surpassing the $1.72 estimate, a 20.13% increase from last year. Sales reached $38.47M, exceeding the $36.98M estimate, marking a 27.99% increase from the previous year.

Portfolio Pulse from bharat@benzinga.com

January 30, 2024 | 9:18 pm

A list of companies are scheduled to report their earnings on January 30, 2024, with expectations for their quarterly earnings per share (EPS) and revenue. The list includes a mix of projected profits and losses across various industries. Notable companies include Pfizer with an expected quarterly loss and tech giants like Alphabet and Microsoft anticipating earnings.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 10:08 am

Northeast Bank (NASDAQ:NBN) is expected to report an EPS of $1.72 in its upcoming quarterly earnings on January 30, 2024. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted positively to earnings beats, with a 7.1% increase after last quarter's results. Over the past 52 weeks, NBN shares have risen 19.37%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:02 pm

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