Northeast Bank (NASDAQ:NBN) Releases Quarterly Earnings Results

Northeast Bank (NASDAQ:NBN) posted its earnings results on Monday. The financial services provider reported $1.91 earnings per share for the quarter, Yahoo Finance reports. The business had revenue of $68.66 million during the quarter. During the same period last year, the firm earned $1.61 EPS.

Northeast Bank Price Performance

NASDAQ:NBN traded down $4.30 during mid-day trading on Thursday, hitting $68.36. 30,011 shares of the stock traded hands, compared to its average volume of 27,893. The business’s 50-day moving average price is $61.13 and its 200 day moving average price is $56.31. Northeast Bank has a 12-month low of $42.43 and a 12-month high of $74.85.

Northeast Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.06%. Northeast Bank’s dividend payout ratio is currently 0.55%.

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.